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The Trading Floor (Investing, Stocks, Bonds) Discuss investing and investments here! Do your own due diligence before investing. We are not responsible for any advice or recommendations within this forum!

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Old 07-11-2016, 05:14 PM
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calcutta37 calcutta37 is offline
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I just don't get SGY. It makes no sense that this stock is where it is. They did a R/S then canceled there contract with Ensco 8503. They have some good things going on in the Appalachian field and that's it. Don't think it's worth 17 bucks. Am I missing something??
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Old 07-11-2016, 07:18 PM
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redaddiction redaddiction is offline
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Quote:
Originally Posted by calcutta37 View Post
I just don't get SGY. It makes no sense that this stock is where it is. They did a R/S then canceled there contract with Ensco 8503. They have some good things going on in the Appalachian field and that's it. Don't think it's worth 17 bucks. Am I missing something??

But it's $17 post split. It's like it's at a $1.70 if the split never occurred. It would have to get to over $400 now, to get to where it was 2 years ago.
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