Monzie I could see this thing go to $2.70 and then up to $7.00 ....the markets are rife
Chances are slim you will see SGY hit anywhere near $7 this year. You would need one hell of a catalyst and change in market sentiment for that to happen. If things go well, with some luck on our side, a pop to $5 would be more realistic. As far as the oil trade goes, the wind has left the sails, and no wind can be seen in the forcast. SGY along with most of the other oil plays will continue to drift along. Eventually the wind will return. Unlikely going to be this year though.