Article By:
Keith Schaefer
Saturday, April 25, 2020 5:19 PM EDT
I’m about to open a small window into the arcane world of oil producers’ hedging. Oil producers routinely write way out-of-the-money hedges and pocket a small premium on a situation they know will never happen – like oil under $20/b or $10/b.
Stone Energy: Undervalued, But Watch The Price Of Crude
Any updates on $SGY? The company has faired rather poorly over the last year.
Short Setups For The Last Exiting Bear Holdouts
Couldn't agree with you more @[Alan Pennock](user:31485). Closed out my short on $IBM and shorted $SWHC and $SGY.
Short Setups For The Last Exiting Bear Holdouts
I agree on $IBM blue, I closed out my short awhile ago. Waited a long time but with all the insider trading, buying off the mkt. and giving themselves options for pennies on the dollar, esentially robbing from the investors, employees, and customers, their ponzi scheme was sure to #crash, and it did. I am short $swhc and $sgy. #StoneEnergy is in a world of hurt. Borrowing just to stay afloat and if #oil doesn't rebound anytime soon they are toast. Say hi to Vivian Lewis for me, an old friend from stock gumshoe. I think Travis has made some bad decisions lately. A real shame. Best to u always. alan