RE:RE:RE:shares buybackWell you have made a fine case for shutting down the whole fricken O&G industry. So then why not go buy Suncore and tell them to stop mining their reserves and buy back shares instead because that would be stupid and nobody would listen but environmentalists.
Buying back shares is just a dumb move for surge to do. As you may see from the attached, Surge is planning on drilling this year so why not use the funds from the sale to do some of the drilling??? Or are you saying the capx should be spent on share buy backs as well??? DF
In 2018 Surge now anticipates spending $98.75 million of total capital, broken down as follows:
Capital Category | Amount |
Drill & Complete, Tie-in | $68.75 million |
Waterflood | $4 million |
Facilities | $9 million |
Workovers | $7 million |
Land, Capitalized G&A, other | $10 million |
Total | $98.75 million |
DF