Surge Energy Inc (Alberta) T.SGY

Heyy guys

[Mike12345]

Sgy at $6.30 today still not enough high,
Me and many others we bought at $2+ Precosalidation.
we are waiting for sgy to get to $2*8.5= $17
will get there if oil stays above $80.

[DBNORTH]

First bought in around 2.30 and traded it a little.  Then she dropped to 1$ and I bought more.  Then covid and bought at around .35 when it hadn't moved but all the others had (its a late bloomer).  Sold in the .60s and bought back in late .40s - then the consolidation - last time I bought was at the new price of about 4.20.  Wish they had reverse split at 10:1 so the math

[1970Craig]

That is refreshing honesty. You know Nuttall is buying now.   My point is he could be and next week it's his new favourite.       I am fairly certain he wouldn't suggest it and then buy it.     The fact he said " small caps is the place to be " and that this one has not been on his list just made think there is a reason for that.   

[1970Craig]

Regarding Eric Nuttall   I posted this well before anyone knew he had bought those shares from a private seller.  Anyway no crystal ball , if you saw him on his previous visit to BNN  . He had said that he felt the big returns are going to be hard to repeat , but he is looking at small caps .   So there are only so many small caps . Then there are only so many good small caps !

[1970Craig]

In my previous post. I wrote a lot. So you have to scroll down to read my original message.      He was buying !!  Way back then. Check it out. 

[pennydredful]

Who  cares  what  Nuttal  did  or didn.t  do  .  What  counts  is  what  you  did  or  didn.t  do .

[1970Craig]

 Your right it does matter what we do , but If someone buys a 9 percent stake , just prior to a run up in the stock price , and then unloads 25 percent of that stake when there is heavier interest in the buy side ,  keeping mine and everyone else's shares surpressed in a bull run, it mattered ?       If you owned shares in a company , wouldn't you want to

[morrisminiman]

Sucker! I only have to wait til $16 myself to break even. ha!

[downtozero]

It's possible. If you pick many others (i.e. TVE, WCP, BTE, ), these shares have doubled from September 2019 stock prices while SGY is still down 50% as of today. That means SGY has 3 times its current price to go to catch up, which will be over $18.50. Others (i.e. CR, OBE) are more than 6 times higher growth than SGY.

[ppp]

SGY has serious free cash flow at 80 dollar oil, 155 mil .  100 dollar oil 255 mil. IMO oil will average 80 over the next year. Thiis means after they pay some debt down 50 55 mil they still have a 100 mil left. They guided 120 mil capex to keep production flat. We know declines are around 24% so around 5000 bbls need to be drilled to keep production flat. means they bring on production  

[Baystboy07]

Priority should be to pay down debt and I think should focus on the two debentures that are due in the next couple years....getting those paid off..I would even suggest call them early I think starts removing the refinancing risk... people need to remeber every dollar of debt paid down increase shareholder value. SGY has been a debt hostage far too long and it's shareholder have paid for

[terroir]

Right on! I wonder if the ceo and directors own so much stock that they see the dividend as a way to cash out. I can't see any transparent reason for resurrecting the dividend model with so much debt. Astra was producing about 4,000bpd on total debt of $15million, on an equivalent basis Surge debt would total a little over $60 million for 21,000bpd...were that the case the share price would be

[unc12345]

I agree, let's hold up on the "dividend model" until we get the house in order, debt wise.  Some will be impatient I'm sure, but hell, I've been under water for a few years now - what's another year? 

[Baystboy07]

Many shareholder are still down in their investment....why create a taxable event (a dividend) for shareholders that are most likely sitting on losses...get the share price to a higher level...even back to 2018 levels at least the consider dividend...SGY is still one of the most highly indebted companies amongst the small cap and mid cap producers....until that changes SGY will always trade poorly

[Kadiddelhopper]

Should they decide to have a dividend once again, make it a pittance as did Whitecap..@ 24 cents a year... at least it interests New Money, and looks good to Bay Street. A tease is perhaps better than doing nothing for the crowd who are zealous about a Dividend reinstatement.