RE:December 2020 Investors PresentationOkay, it's a math challenge, so I'm in. No hate mail please. I bought it at 16 and still own it. Not saying sgy isn't crazy cheap, BUT, it doesn't matter how many billions of barrels are in the ground if it costs more to find it, develop it, produce it, ship it, and pay the government,banks, bond holders,and other parasites, than you sell it for. If it sells for 40 but it costs you 41, it's still worth zippo.
Windyhill wrote: SGY Surge Energy has 1.6 Billion Barrels of oil in Reserves in its various plays. At $35.00 per barrel of oil, show me the logical calculation on why this company is sitting at 0.30 CDN cents.
I cant seem to get this math worked out..... anyone?