RE:RE:RE:SURGE ENERGY INC. ANNOUNCES FINANCIAL & OPERATING RESULTS IMO NG assets put aside and write-off. 87% liquid. Few O/G companies have make the cleansing regarding NG assets , considering low NG prices, SGY put it aside. The conservative Shareholders' equity is still 7.5/ share post writedown, not bad at all.
Adjusted fund flows per share of 0.82 is even more than WCP, correct me if I am wrong., Of ocurse, WCP may show better prospects as the market like it, but the share price difference is too huge to be neglected.
$1 free funds hflow/year for dividends/buyback at $75 WTI cannot be neglected.