RE: payout ratio
Totally agree with you rockoil. With the huge number of large projects that have been put on hold and current oilwells all subject to depletion, it is just a matter of time before the world starts producing less oil than it consumes. Perhaps as early as i'st or second quarter of 2017. Many of these large projects take several years to get up and running. But shale drillers such as Surge can drill new wells and be pumping in a few months. Surge has a large land position in very favourable locations and is well financed, well hedged and well positioned when oil prices head north again. And like you I have great faith in the management.