Surge Energy Inc (Alberta) T.SGY

CASH OUT IN TWO YEARS OR LESS (SGY WILL BE GOING PRIVATE

[ariesleaf]

After share consolidation share price will drop 50% in six months.Let's say February 28/22.
If anyone is thinking after consolidation I will just buy more to average down forget it. you will lose big time. SGY will keep adding new share's. By this time next year going private.

[martrob83]

The next 4 quarters will be money gushers for Surge Energy. They said so, everyone knows it as well. Oil prices are extremely strong and getting stronger. Their hedges will roll over and they'll be able to buy new hedges at higher prices. 140 cash flows coming soon for a 200M + 160M acquisition, therefore 360M company. At which point they will have net debt to cash flow of 0.6 ... just wow

[Keyplan]

I totally agree, a person just has to watch the news and the ever growing influence of enviroMentalists, the govs want 100 oil, we might as well collect some returns with sgy until they find out oil isn't going away anytime soon. I'm going with our management's experience.

[WanTBe1]

You say you going with.!!! (I'm going with our management's experience.) What about the last 6 to 8 year's.

[WanTBe1]

So your one of these believers on They said so. You never check the company's history is see all the mistakes made. A good management rolls with the times not after. 

[Keyplan]

Then sell you stock?

[WanTBe1]

Easy for you to say you only own either one or done.

[martrob83]

WanT, the entire industry had a rough number of years not just Surge. This is how commodity cycle and producers work. The worst is behind. Look, maybe I'm wrong, but on a probability basis, I'm now placing my bets. It sounds like you got burned by Surge in the past. Were you trying to catch a falling knife? Shale production peaked in my opinion.

[WanTBe1]

What happened to Pengrowth Energy stock?