RE:RE:RE:WhyI think you should move to another stock then.
The analysts have SGY target at 12 bucks.
Sure oil price is dependent om the entire sector
You mention oil prices tanking. In that case 20% minimum of global oil production would become unprofitable.
1. TMX pipeline helps all CAD E&Ps.
2. 85 Brent seems reasonable for 2024 with peaks during February to September months.
3. Surge specifically has targeted further debt payment as a return of capital strategy plus their dividend.
4. Once debt is down another 70m cad they can buyback shares. Remember they only have a. It more than 100M shares.
Good luck.