Surge Energy Inc (Alberta) T.SGY

Consolidation

[Playsmart]

In my view, It may lead to early divident start and more investor might be attracted, which will lead to bouncing of share price, but people with high breakeven sp might be hesitant with consolidation. Let's see how it worked out.

[stockwatcher248]

how did this chatting about a share consolidation come up???...has the company made any statement on it or did this originate from a poster???......

[Chris007]

Look up Surge Energy in Sedar -> Management information circular - English (Filed Jul 19 2021) Pg. 26 Principal Effects of the Surge Share Consolidation As at the date hereof, Surge has 379,594,375 Surge Shares issued and outstanding and upon completion of the Arrangement, Surge is expected to have approximately 608,485,692 Surge Shares issued and outstanding. Following the Surge

[Countrin2tive]

I will say, they had better not. Better management gets their butts in gear and does something to produce shareholder equity...put cash in bank, pay down debt or maybe even a small dividend as a acknowledgment to shareholders who weathered the storm. Maybe this recent merger does the trick and when earnings come out a week or so from now...well, who knows.  I bought a certain number of shares

[Countrin2tive]

Further to what I said here, these reverse splits, in my own limited experience don't seem to work to the benifit of the share holders, check out MMAT which was just listed on the NASDAQ to see what I mean.  Perhaps in long run, it works out.  However, these so called consolidations or reverse splits, whatever they would be called, are a breeding gound for "uncertainty"

[Kherson]

SEDAR Kherson

[Kherson]

How would the consolidation lead to an earlier dividend payment program? Personally, I think you are a fool to even suggest such a thing as the two are totally un-related.  Kherson

[TickerStock101]

It's a very good thing! Oil is on the rebound. Surge is doing real well now. They know doubt have good reason for it. If they had done the reverse-split when they were in trouble then I would be worried, but they are a money making machine right now. I agree that this will open up the ability for many more institutional investors to invest as what I understand is that many cannot invest under

[Chris007]

Dunno how likely institutions will buy in after the reverse split. Yes, a higher price per share is one thing. However, another key consideration is liquidity. 71M shares outstanding isn't very liquid at all and will likely fuel trading volatility. Bottomline, such illiquidity makes it harder to enter/exit a large position in the stock.

[WanTBe1]

We're seeing an undersupplied oil market going forward: Bison