RE:RE:RE:RE:RE:RE:OHH NuttallAs for Nuttall managing an investement fund, it's not his job to convince you to buy in
it's his job into fooling you into buying in. For years and I mean years he had Cardinal Energy as his top pick, now he says don't buy it. Why?, because their properties are too old and on the decline and their asset recovery costs are out of sight. He didn't know that a few years ago?, of course he did ................ fooled you!
As for Surge's properties the Sparky core asset alone with one billion barrels of oringinal oil in place and waterflood could eventually be scaled up by itself to their total production now with the four core properties. Meaning what? that they could sell another core property and deal with the debt and make up the production loss at Sparky. Low drilling costs, low operating costs, netbacks $27 bucks at $38 wti and production efficiences less then $10,000. Now that's a property that would be in demand and by itself and worth far more then the entire market value of Surge currently by about 4 times!