RE:RE:RE:RE:What kind of S-bag rushes out to dillute the company at 10% I agree, Surge has bought proven productive lands with fantastic liquids extraction rates of 99% which fetches a premium compared to heavy oil. All SGY has to do is drill babby drill.
Tradestay wrote:
I hear what you are saying here, but this time oil price is set us structurally bullish. As well our share count is low compared to 2018. Old investors got hurt with the reverse split no doubt but now the share count is low compared to peers. 10% dilution but a 18% approximate increase in production in core area with accretive cash flow that can now go to existing debts to improve balance sheet at a quicker pace. Think about it if it was all bad people will not want an upsized deal its just more risk for a bought deal.