Surge Energy Inc (Alberta) T.SGY

Scratching my head…

[Nextlegup]

Surge currently has a dividend yield of about 5.9% and some decent growth opportunity..

Other than some debt that is a little on the high side, I'm just curious as to why Surge seems to trade like the neglected stepchild...?

I still continue to accumulate...

Personally, I like those companies that have taken some initiative and made acquistions over the last 2 years..(CPG, BTE)

genuine thoughts?

[PreludeSH]

Driven by relatively high debt, and acquisition loving CEO. He's made some bad bets in the past and investors don't believe in his acquisition strategy.

[Nextlegup]

Thanks Prelude I appreciate the thoughts... If crude can hang in at present levels or better, perhaps we'll see some redemption with time... cheers GLTA

[PreludeSH]

If you look at Tamarack Valley, and even Baytex...companies that do acquisitions get punished in this market.  Investors rightly or wrongly dont have a long investing horizon for the oil industry...so why are oil companies looking to grow their inventory....instead oil companies should be planning on sunsetting...either privitaize or deplete your inventory and give all profits to shareholders

[CountryBoy69]

I have heard some really stupid remarks and suggestions over the years , but yours take the cake.So Mr Renewable , you get religion and looking to exit or just another mouthpiece for the Sierra Club , or the WWF or our idiot in power. I guess you dwell in a cave , walk everywhere and wear animal skins. This industry is the lifeblood of our economy and especially the ?treasury and what the heck

[PreludeSH]

Im actually all for the oil and gas industry...PP is my guy.  I oil and gas as much as any Texan and Albertan and I hate far left environmentalists with a passion. My perspective however is more from a shareholder view.  I do believe the enevitable will be reduction of oil and gas over the long term, and hence as a shareholder, I want a higher return on my investment.  Tamarack

[CountryBoy69]

Backtracking , are we , now it's confined to Surge and Tamarack , yeah sure , your initial posts and intention was quite clear , Mealy mouth retractions and protestations don't ring the bell with me.I am sure you meant what you said and were convinced of its validity. I believe SGY has under performed and has been a disappointment but your take was pure stupidity and don't think that

[PreludeSH]

LOL...at the end of the day, we are on the same side Countryboy.  Believe me im heavily invested in O&G and heavily invested in Surge.    I don't want to pollute this board with the constant back and forth. have a great weekend!

[CountryBoy69]

Ok Prelude , l will let it go , maybe you should have thought first before posting some really idiotic comments , especially as you claim to be both an oil and gas supporter and investor. You have a good weekend as well.

[Baystboy07]

When you zoom out, production is flat from about 6 years ago, debt is down about $100 million and share count is almost double. So reality is Paul is a horrible deal maker and $SGY has been running and falling further behind. He has to get his debt paid down and start a NCIB.