RE:RE:So…is the new acquisition negative accretion yet?Kherson wrote: Baystboy07 wrote: 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!!!!!
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
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 biggest risk to oil is recession related and volitility.