RE:RE:Surge Debt![
quote=Kherson] Kherson wrote: Paul needs to get our debt below $100 million before he increases dividends.
Kherson
I posted this a month ago and I still believe it. Surge has way too much debt!
Kherson[/quote] Well there you go Kherson... I will have to liquidate my assets and throw a sidewalk pizza!
With oil at ~$90US today, Surge is poised to deliver strong operational results in Q4/22 and beyond. They have indciated they will deliver to its stakeholders a combination of:
* Continued net debt repayment
* A sustainable, base monthly dividend
* Share buybacks
* A modest production growth wedge
* Potential for variable or special dividends
Surge reported sales of $179.3-million for Q3, up from $105.1-million. The performance was ahead of expectations of $164-million. Their net income of $78.1-million or 91 cents per share was ahead of expectations of 50 cents per share and compared to net income of $67.6-million or $1.15 a year ago.
Relax and stop complaining about the debt... If you don't believe in Surge's management and their ability to reduce debt as they follow through on their commitment, then just sell your shares and buy a stock that's less likely to cause you an ulcer!