Surge Energy Inc (Alberta) T.SGY

What will the banks do now?

[soundandfury]

Will they take some equity for 50% of the debt..........40 million shares for 160 million debt swap? Hmmmm

[ariesleaf]

I think the Bank's are looking at added more hedges so you will never see regular dividends or share buy back. Any few extra dollars Banks want to be first.

[sclarda]

ariesleaf wrote I think the Bank's are looking at added more hedges so you will never see regular dividends or share buy back. Any few extra dollars Banks want to be first. -------------------------------------------------------------------------------   You might want to learn to add a little bit bumpkin. Hedging at oil in the high 70s and 80s is not the same as they hedging they did

[ziggy1410]

I AGREE WITH 35% Hedges in the mid $70  range for Q1 and Q2 with the debt consolidation remaining the priority,,,,Company controls the Hedge, not the Banks....