Surge Energy Inc (Alberta) T.SGY

My thoughts on the deal

[PreludeSH]

Overall...good acquisition:

1. $9.20 bought deal price is not that low considering SGY was at that price just 1.5 weeks ago. 
2. Our stock was just moving with the industry.  Hopefully this headline gets some much needed attention to the Surge story.
3. Did we overpay? Seems like a reasonable price if the Sparky is as prolific as Paul makes it to be. 

Time will tell...I'm holding onto my shares.

[Tradestay]

at $80 oil this pays out in 3.5 years when considering synergies with existing properties in the location. This also makes surge a prime company for take out with asset consolidation in SE saskatchewan. Also net debt was reduce post Q3 with the redemption on the debentures. 9.20 is a good price given it was there less than 2 weeks ago and the deal would have been made prior to today's market

[dllscwbysfn]

I agree with most of what you are saying, I do however think it would be more like 4 years at $90 wti to have it paid for.But I do hope you are right, I am long and plan to hold for quite some time

[WanTBe1]

 Oil companies last week for making very limited investments in climate action even as massive profits driven by inflation allowed them to pad the wallets of shareholders.