Surge Energy Inc (Alberta) T.SGY

What does everyone think of the new report?

[Tanman1914]

What does everyone think of the new report?

[PreludeSH]

Nothing new from the Adelaide Capital presentation they gave in January.  Outlook for 2022 is the same as back then.  I would say the newest info was the NAV projection of $16.94 per share proven and probable.  Our current price of $9 per share shows there's lots of room to grow. 

[ditchdigger251]

I would add that's at $70 WTI.  If long term oil actually strips out at $80 or $90 WTI that's a big add right there.

[Baystboy07]

Looks pretty good considering the hedges that were there....I don't like the fact net debt went up by $12 million from last quarter...I do figure that it is as a result of the drilling done in Q4....I think Q1 will show a cleaner picture of the company as all the very horrible hedges rolled off as of Dec 31st....next quarter should be very good. GLTA

[littledave55555]

I like that they are going to work to bring down debt , An then put out a dividend ... very happy with the preformance and looking forward to quarter 1 report , coming soon GO SGY GO !!!!

[Daytrader1959]

Love that the monthly dividend will be back to reward us to enjoy the return to their profitable business model.

[Amgamg67]

I'll believe when they announce the amount.

[stockstarker]

I like the fact that they are going to pay a sustainable monthly dividend. It shows they are planning on rewarding their shareholders with some of the spoils.

[summerb37]

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

[Franman184]

Unless the stock price can remain stable the dividend is not yet required. All extra cash flow above thier projectiions should be used to either pay down debt or buy back shares depending upon the share price. Then the savings on interest rate charges can slowly be put to use as a dividend once the debt ratio is achevied. 

[terroir]

I suspect that one of the reasons for pursuing the dividend is that Paul and the board own tons of shares. The dividend used to be Paul's only salary. The dividend offers them a way to extract cash without being seen as selling shares. Otherwise, given the hell hole the company went through with their creditors, why would they not focus free cash flow on paying them, the bankers and other

[fortunefavorsus]

Nothing new from the investor conference.  Given all that has happened so far this year 2021 is irrelevant.  These oil prices have to have some oil companies looking at Surge noncore assets.  A good asset sale could have quick impact on the stock price as it would dividends, buybacks, and maybe special dividends.  Once the market see oil will likely stay over $100WTI I think we