Surge Energy Inc (Alberta) T.SGY

Solidifying Balance Sheet, foundation for growth

[Tradestay]

(1) Surge now is putting a new bottom on share price with this flow through deal, its really up from the low .30s. They did had a loss but its a hedge loss not because they can't turn FCF at these prices. From a Risk Management point of view, given their position before the assets sale the hedges were the right decision. (3) they now see future higher oil price and they are tapping the equity market to increase production. (4) don't forget they have a huge program for well clean up which will impact long term balance sheet debts and all the grant money they receiving as well. Lastly have patience in the last 6 months this company did alot to shore up balance sheet and protect shareholders. A large infusion of new financing, well clean up program and the fundamentals are in favor with WTI now over 63. My options and not financial advice.

[WanTBe1]

A loss is a lost no matter how you got it.

[Herfa1]

Not sure if thats the way I see it. Not long ago they mentioned that they will used their cashflow to do their exploration program. They were also given us some hope with a supposed announcement at the end of march for debt reduction and update on estimated production. So shares went up to 0,70$ with good volume. Suddenly they announced that the news will only be at the end of April. The share