Surge Energy Inc (Alberta) T.SGY

Once again…

[Baystboy07]

Todays price action shows why we need management to focus on debt pay down and getting a MEANINGFUL NCIB....I could not give a rats butt if the CEO owns xxxx shares and he prefers a dividend to milk the Company.

PUT YOUR SHAREHOLDERS FIRST.....YOU ARE ONE OF THE FEW COMPANIES THAT ARE STILL BELOW ITS PRE-PANDEMIC PRICE STILL....WHAT DOES THIS TELL YOU?

The market is still not re-rating this stock because if too much debt!!!!

[unc12345]

Question for all of a more general nature.  It seems that shareholder returns are coming from all I see and read.  When this happens, could we see another leg up, in both SGY and the sector, OR is there greed involved in hanging around the sector when the risk to prices at the current time seems to the downside?

[Baystboy07]

I am more talking on a relative basis....the challenge for this Companynthe last few years has been the crappy balance sheet and too much leverage...oil prices are strong and forecasted to stay strong....why not be more prudent and bullet proof the balance sheet first and do a NCIB to support the share price..... Most others are much higher than their Pre-Covid price...$SGY is still below that

[twinjett]

I too wish they would pay off debt. In reality they are not paying off any debt. Net debt at end of third quarter was 319,790 in millions net debt at end of fourth quarter 2021 was 331,434 in millions Debt increased by almost 12 million.

[Stockhudson]

if they dont reduce the debt   and oil starts a downward trend   they will be in a world of hurt all over again