Surge Energy Inc (Alberta) T.SGY

So…is the new acquisition negative accretion yet?

[Baystboy07]

Starting to wonder if the Board will approve the dividend increase now that the acquisition is probably negative accretion to EPS. I hope they do not.

It seriously keeps pi$$ing me off that the management team is one giant FU&KUP.

PAY DOWN YOUR FUC&ING DEBT...INSTITUTE A NCIB...STOP BUYING ASSETS TO RAISE THE DIVIDEND TO LINE YOUR POCKETS

ITS NOT THAT FUC&ING HARD YOU IDIOTS!!!!!

[VeritasVern]

Depends if you think oil should have dropped by $10 to $70/b in one week. Given China is removing the covid lockdowns and not much has changed overall on the supply/demand equation in 7 days perhaps $80-85 oil returns soon. OPEC has indicated they will reduce supply at $70 plus does a cap on Russian oil at $60 have zero effect or does it increase or decrease supplies? Likely the later. This is

[nenohav]

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[femos72]

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[Kherson]

Pretty obvious that the proposed dividend increase is now off of the table. In fact, Paul's proposed dividend increase from his November 2nd NR was never a viable option when announced simply because Surge has way too much debt! Kherson

[VeritasVern]

At $70 oil is most likely off the table, but it is too early to say based on just the last week of trading alone. If oil runs up again to $80 and closer to $90 it's still an option. I'm thinking the cap on Russian oil will not have only positive outcomes for the G7 but some of the negative consequences for reduced supplies globally as well. Perhaps we will see $80+ oil in early Jan but the

[Kherson]

The BOD actually meets this week and they should be making their next dividend announcement on the 15th, so your reasoning of future higher oil prices providing the FCF to boost the dividend are complete foolishness. Sadly, with the present oil price, coupled with Surge's huge debt, Surge can no longer maintain the present dividend in a sustainable manner. On top of that, the acquisition will

[VeritasVern]

 True enough, but the raise to the dividend  if approved was slated to be decided in early 2023 not in Dec from what I read in the release. The BOD would have to be completely incompetent if they were proposing a dividend increase if they were not able to sustain the current level. As we are now seeing the Russian price cap is causing all sorts of complications from the Turkish demand

[OLIVIER1951]

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[Baystboy07]

  Dividend will be announced next week....Kherson has no clue what he is talking about on a dividends cut...Div is sustainable down to $40 range on oil.   "The Acquisition has an effective date of May 1, 2022 and is currently expected to close on or about December 19, 2022 (the “Closing”), with an estimated net purchase price after interim period adjustments of $200 million

[OLIVIER1951]

Selon  le  PDG  PAUL,PAUL,  SERAIT  A  25$  EN  DC.,  LUI  SUREMENT  AVEC  SON  BONI  , LA  MERDE...