Sabine Oil & Gas Corp (OTCMKTS:SOGC) Climbs Above 10 Cents Despite News

[[tagnumber 0]][[tagnumber 1]]Sabine Oil & Gas Corp (OTCMKTS:SOGC) hasn’t been doing very well for quite some time now. The ticker has lost around 95 per cent of its value in the past 12 months of trading and the news that keep coming don’t suggest that it will be making a miraculous recovery.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering the crisis in the oil sector also puts such hopes to rest. Still, we did see [[tagnumber 6]]SOGC [[tagnumber 7]]make some impressive moves in the past several months. Back in midMarch the ticker jumped a whopping 177% in a single session, but as it happens most of the time, it couldn’t hold its ground.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]April was marked by a slow descent that left [[tagnumber 6]]SOGC[[tagnumber 7]] trading at $0.065 at the end of the month. This month saw the company stock rising and we also got to see how [[tagnumber 6]]SOGC [[tagnumber 7]]was doing in the first quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 19]] [[tagnumber 20]]cash: $305.61 million[[tagnumber 21]] [[tagnumber 20]]current assets: $1.87 billion[[tagnumber 21]] [[tagnumber 20]]current liabilities: $2.82 billion[[tagnumber 21]] [[tagnumber 20]]quarterly revenues: $97.62 million[[tagnumber 21]] [[tagnumber 20]]quarterly net loss: $284.03 million[[tagnumber 21]] [[tagnumber 30]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see that the cash positions of [[tagnumber 6]]SOGC [[tagnumber 7]]have significantly increased since the end of last year which is always nice. Unfortunately, the company has been unable to pay its creditors on time and has entered into several agreements recently.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The latest one was announced last Thursday and was the cause for another Moody’s ratings downgrade for [[tagnumber 6]]SOGC.[[tagnumber 7]] Despite this, however, we see that investor confidence is somewhat strong. The ticker finished Friday’s session at $0.109 after a 15.96% gain and the 1.43 million trade shares generated $155 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Since there won’t be a session today we will see if [[tagnumber 6]]SOGC [[tagnumber 7]]can push further up tomorrow. This give you time to do your due diligence and weigh out the risks before making any investment decisions.[[tagnumber 2]]

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