Surge Energy Inc (Alberta) T.SGY

Quote from Twitter podcast

[scienceguy36]

"Had fix price hedge at 45 forty 47 WTI for all of 2021.

Those ran out. Thank God at the end of 2021 they ran out about almost three months ago with a bit of hedging on in Q1 again, bank mandated and one of the private equity funds that that rolled into to surge required it. Those run out in 21 days,  the worst of those with a few more hedges on in Q2. Not bad and our cash flows go straight up to the right as those hedges come off 'cause those are around 70. WTI and we all know crudes at 100."

Around $70? How about around $60.00 as per corporate presentation. "Cash flow goes up straight up to the right when those hedges come off" Well according to the corporate presentation those hedges come off at the end of each quarter only to be replaced by another hedge at around the same price (actually lower in Q3 and Q4)

Time to move on as a long term investor, but will still follow SGY and day trade from time to time and will look at it as long term investment if a 6% dividend is introduced in the 3rd quarter.

[tsoprano24]

scienceguy, we get it, you're  moving on. You don't need to keep posting same drivel and then tell us you're moving on. Just go. If a few hedges ruin the investment, go. Just stop trying to convince others that this matters. It doesn't. They will make money hand over fist regardless. So, see ya later. T