Quick Win By The Algorithm: SGY Filing for Bankruptcy

Quick Win by the Algorithm

Stone Energy Corporation (SGY)

On November 6th, 2016, the I Know First algorithm had predicted a bearish forecast for Stone Energy Corporation (SGY). SGY had a signal of -109.16 and a predictability of 0.2. In accordance with the algorithm, the company reported short-position capital gains of -60.77%, experiencing a quick win by the algorithm.


Stone Energy (SGY) is an independent oil and natural gas company engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties. Their main area of involvement is in the Gulf of Mexico (GOM) and have been operating there since 1993, when they were established.

Quick Win by the Algorithm

SGY is currently filing for bankrupcy under Chapter 11 and has sold its Appalachian assets for $360 million to TH Exploration III, LLC, an affiliate of privately held Tug Hill, Inc. The future of SGY is held in the Gulf of Mexico, where SGY will start their restructuring process.

This bearish forecast on SGY was sent to current I Know First subscribers on October 20th, 2016. 

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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