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Bullboard - Stock Discussion Forum Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  T.SGY.DB.B | ZPTAF

Energy Oil & Gas E&P
Surge Energy Inc. is a Canada-based oil focused exploration and production company. The Company’s business consists of the exploration, development and production of oil and gas from properties in western Canada. Its operations include Sparky and SE Saskatchewan. Its supporting assets include Valhalla, Greater Sawn and Shaunavon. The Sparky operation offers light/medium crude oil production... see more

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > borrowing money 8.5%....
View:
Post by cashtango00 on Sep 29, 2023 10:44am

borrowing money 8.5%....

If you wonder why the market doesn't like Paul, look no further than his last move.  Paying out a high div yield they clearly can't afford, and then taking on a loan at 8.5% and calling that great shareholder returns.   The reality is that 42m + will just be converted into shares since they love to run that share printer, and then they will buy shares out of the market and call it " cashflow returned to shareholders"

Thats why SGY trades at the discount it does.....
Comment by Rockyboy2015 on Sep 29, 2023 11:48am
I hope you are wrong about new shares being issued but I have a bad feeling you are correct 
Comment by Re1ndeer2 on Sep 29, 2023 12:02pm
This may be the "Surprise" that will Trim a few Investors....Will be interested in NinePoint positions.....
Surge Energy Inc (Alberta)
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