RE:RE:BOLD statement... If Nuttall made that statement about being tier 3 he doesn't know what he is talking about. Reminds me of those for years who said Baytex Eagle Ford assets were not that great. They have made a fortune in FCF on those assets and will continue for some time as they have quality positions in the Eagle Ford.
Same with Surge they have quality assets in Sparky that are predictable and pay for themselves in a short period. Colborne even said Surge breakeven is probably under $45 WTI. With new drilling procedures those wells are paying out even better. This company will be rolling in free cash flow
IMO this is now a great low risk company to buy and hold and no reason to sell as dividends, special dividends, and baybacks will likely be happening this year.