Post by
Upside123 on Mar 04, 2021 7:25pm
Dividend
With the current debt of Surge being what it currently a Dividend just isn't going to happen. I'm sure their debt covenants wouldn't even allow for this. One needs to ask, why isn't SGY participating in the current resource rally. I'll tell you why. They are way over extended. The market will keep the share price suppressed until a white knight comes along and steals the company. IMHO. Time will tell. And no, I'm not a troll. Have owned SGY for many years. Sorry to say.
Comment by
Crtclthnkr on Mar 04, 2021 10:18pm
Agree, they've been loosing money since 2015. Dividend should have been cut then. It appears that in 2018 avg oil price was $64 and they still ended the year negative. They've only taken on more Dept since so the rumour is likely that , a rumour.