RE:RE:RE:Keep in Mind I did point that out...on for Company like $SGY it is not...they need to get pay down debt....market has no confidence...that is why they are trading with one of the lowest multiples of any of their peers....if debt comes down and cash comes back the stock will be re rated...we need cash not more land!
also when the say "Surge was also successful at a recent, highly competitive, Saskatchewan Crown land sale at Steelman" "highly competitive" to me it means they over paid!!!!
Countrin2tive wrote: If so, with WTI at these prices, I would think a little slippage in the debt repaymemt which some seem to be fussing over, is more than justified in order to grow assets and reserves. Oil is going to be around at these prices for a while, I think.