Surge Energy Inc (Alberta) T.SGY

This company has protected its revenues, that's OK for us.

[sylvain_007]

    

        Prudent this company to remain positive and give us a positive balance sheet. This is still too strong a hedge leading to a lower return, however, protecting your values is good management contrary to what some people here believe.  When we talk about loss, what we mean is rather an unrealized gain. The results are very positive and could have been more positive without this hedge. The future looks positive.

 

 

[terroir]

Had the company wanted to take this level of hedge, they would not be calling them forced hedges. These were imposed by lenders wanting to protect only one thing, their loans. They don't giving a flying fit about protecting shareholders. To bad that they couldn't, or didn't want, to take floating rate loans that are tied to ebita. This way the lenders could have participated in the