RE:SATURN vs SURGE - I tend to use EV when comparing compainies. Then I use Debt addjusted Cash Flow to compare the assets. Then FCF to compare how much money is left over to keep prooduction flat. SOil is miles ahead on these metrics. Page 15 highlights that for investors.
Some investors are pissed that these guys because they are buying assets and adding debt, IMO sometimes its the way to go. Depends on where one sees the oil prices in the future. As far as Surge management is concerned they may have learnt something in the last while but they made there share of mistakes in the past. I owned them for a while when they lagged the sector.
I sold most of my other Oil and gas companies and parked my money here as IMO no one else compares on paper. my bet is they get the job done and the market adjusts their share price to reflect the metrics.
GLTA