Surge Energy Inc (Alberta) T.SGY

'Energy crisis ahead': Nuttall makes case for $100 oil

[ariesleaf]

So how high will sgy go.?

14m ago

[brewster123]

$6 plus a 6% dividend.

[Chris007]

6 bucks after the 1 for 8.5 reverse split is definitely possible...thats basically 70 cents pre-split 6 bucks, pre-reverse split, definitely not...3.7 Billion in market cap for a company this small, would be pretty insane, anyway you look at it.

[radcat]

$6 bucks after 1 for 8.5 or $0.70 is irrelavent. Six of one, half a dozen of another. As for the dividend, that isn't going to happen. Is adding a quarter billion more shares diluting current retail shareholders and reverse split worth it for another 4,100 bopd? Not really. All management has done is what they have been doing over the past number of years which is to take SGY to the

[stockwatcher248]

I agree radcat, I have never gone thru a share  consolidation where prices were better pre consolidation.....this will be ugly as well...

[littledave55555]

where are you getting all this revise split info from ... i have looked everywhere and can't find anything about the company talking about a revised split ??????? 

[Rockyboy2015]

Sedar 

[brewster123]

Information Circular issued today in advance of the vote on the consolidation in August.

[Countrin2tive]

Yep, it's there; https://www.sedar.com/GetFile.do?lang=EN&docClass=10&issuerNo=00010447&issuerType=03&projectNo=03251028&docId=5005616 Fortunately, the Q2 results are out before this meeting takes place.  A strong quarter would be helpful for management to justify this consolidation proposal.  Otherwise, in my view, there will be a slow maybe rapid drift down

[Stockhudson]

there is NO consolidation    just a bunch of chatter 

[Chris007]

The company seems to beg to differ...If the Astra deal goes through, theres more than likely also going to be a reverse split...Those are literally the two items that are being voted on in the proxy form... 1. Surge Issuance Resolution. To consider and, if thought advisable, to approve, with or without amendment, an ordinary resolution approving the issuance of common shares of Surge (“Surge

[Countrin2tive]

Agree, and Hopefully this meeting happening after Q2 results is a good sign that some debt has been paid down and results better than expected. If so, management can do a little bit of chest thumping, and possibly substantiate this, especially with the prospect of higher crude prices and if they can dangle A dividend at some point.  I don't see another scenario where this can turn out

[Chris007]

Sedar.com->Issuer Profiles->Companies that start with "S"-> Surge Energy Inc.-> "Management information circular - English"  (posted Jul 19 2021) LOL  GO RESEARCH GO!!!! LOTS OF READING FOR YOU TO CATCH UP ON !!!!

[Countrin2tive]

Link will help, Although he is not a fan of SGY, yet, this is a worthwhile watch. https://www.bnnbloomberg.ca/video/the-fear-of-peak-demand-is-leading-to-relative-peak-supply-eric-nuttall~2246465