RE:What does everyone think of the new report?
In my humble opinion, the 4th quarter was good but I don't think anything made it stand out. Given market sentiment, I really don't think NAV has much impact in valuing these companies anymore. If it does (Eric Nuttel for example), they are more likely to invest in oil sands projects, like MEG;
Production forcast is staying the same for 2022, so price of oil is the main variable for influencing the direction of Surge's future stock.
Personally, I would like to see them scrap the divident idea until after paying off their debt first. Offering a dividend when they should have been paying down debt before is what got them/us in this mess in the first place.
Surge has not had the recovery that many gas/oil companies have had. Anyone that had bought Surge above a $1.00 is still at a loss. Rewarding stock holders by increasing the valuation of stock by stock buy backs and reducing debt is the way to go.. Divendends will only extend their inability to increase the stock price over reduced WTI pricing. For example, a dividend of $0.03 is meaningless when the share prices is decreasing more for the same time frame due to a decreasing WTI price.