Surge Energy Inc (Alberta) T.SGY

RE:RE:RE:RE:RE:RE:RE:Losing hedges; we're not alone

[geezer21]

Dividends are the last thing you want. You do not want a few percentage return on your equity in a company.  You want your equity earning a high rate of return through business operations of the company.  You also want to keep debt that is earning more in income than what is getting paid out in interest.

The best performer of all the oil producers below is Surge Energy with a 178% return on shareholder equity. Surge has a earning per share of $4.66 and a price/earnings ratio of $5.27.


ERF and SES pay a dividend but are losing money.  Not a good use of company funds to give a dividend over using the money instead to generate profits. CVE, PEY, BIR,and TVE pays dividends but their earnings per share are less then a dollar.  Not a good use of company money to be paying a dividend. The money should be getting used to generate profits.

Dividends are the last thing you want.  You want your company growing profits,making money for you and not just giving measley percentage that you can get with risk free GICs.

You want a company using your money and bank money to generate profits far in excess of any interest or dividends you can earn on your money or interest paid to a bank. Bank debt is good when it is earning a return in excess what what it costs.

Key company data in the following chart comes from tmxmoney.com.  Oil companies report there financials to TMX. https://money.tmx.com/en/


OIL    (as of 11/11/2)
 
 
 $             EPS          P/E          P/B                         %           %        YIELD     
                                                                              RTN       RTN
                                                                           EQUITY  SSETS        
 
BTE          4.26         2.27         1.80         1.5           126.3       34.2         -
                               
OBE         4.83         4.62         1.1           .54           69.7         30.6         -

SGY         4.66         5.27         .9             1.54         178          27            -   
           
NVA         7.27         2.99         2.3           1.4           82.9         37.6         -

CPG         5.85         3.76         1.60         .64           54.3         27.9         2.05

BNE         6.59         4.14         1.60         .63           50            16.8         -

CJ             5.22         2.68         1.9           1.15         79.7         44.3         -

TVE          3.68         0.66         5.5           1.33         28.9         14.5         3.36

BIR          7.66         .33           21.5         1.2           5.6           3              0.28

WCP        7.25         3.28         2.2           1.25         87            38            3.72

PEY          10.95       0.64         16.7         1.1           6.6           3             0.37

HWX        5.15         .07           68.9         3.3           3.34         2.71        -
 
ARX         12.63       .74           16.9         1.61         5.7           2.89        -

VET          12.93       5.15         2.50         1.12         57.7         17.14       -

CVE          16.07       .35           45.3         1.36         4.22         1.98         0.88

MEG        11.17       0.19         56.3         .96           1.67         0.8           -       
       
 
SES          5.64         -.42          -13.7        1.4           -7.78        -3.4          .541

CR            3.30         -.06          51.8         .64           -1.24        -.71          -

ERF          12.83       -0.65        -19.4        4.8           -19.5        -6.4          1.3