V.SGY - Not to Worry Not to Worry !
I have been watching this one for a little while and have conducted our due diligence.
Surge Energy's management team have taken some tough decisions but the continued investment in the wells in upper Shaunavon and Valhalla will bring continued success even if the price of oils dips to where it was in the first quarter. Averaging WTI US$48.63 per barrel. The price quoted today is up to US$60.03
https://finviz.com/futures_charts.ashx?p=d1&t=CL
The sale of the non core assets in SE Saskatchewan and Manitoba was the right thing to do and puts the companies balance sheet on a more solid footing going forward.
As the production numbers increase in the next few quarters investors will see the value of this oil play and the herd will follow. Keep you chin up and know that you have a solid investment that will pay you a monthly dividend (yield of 7.13%) while we wait to see the shareprice move to the next analyst projections that will come in the days to follow. The time to buy is NOW !
ENSURE TO DO YOU YOUR OWN DUE DILEGENCE OR SEEK ADVICE FROM A QUALIFIED INVESTMENT PROFESSIONAL.
WindyHill