Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.


TSX:SGY - Post by User

Comment by 1970Craigon Feb 02, 2022 10:03pm
167 Views
Post# 34391709

RE:RE:RE:Payoff debt & Investors will come

RE:RE:RE:Payoff debt & Investors will come

I think my point was really that 8 percent in and your totally right ......a extremely low interest rate environment, and also yes it takes money to make money.  
   However , the 8 percent in a low interest environment is really a red flag.   Someone would question this , look deeper.   

     Then my second point is the dividend.  I think this is a personal question and it is more about the individual and how they feel.    I personally feel that if you have debt in this environment that is second tier at 8plus % .   Then my personal opinion is I would pay off this debt before I paid out any funds.  It adds value , creates lower overall costs and actually will drive the share price higher longer term.    

     I want to be clear I believe it dosnt matter right now , and we are just under valued.  This is ridiculous. 

    

<< Previous
Bullboard Posts
Next >>