Surge Energy Inc (Alberta) T.SGY

Shareholders paying for managements big blunder

[PUNJABI]

The last big dilution with flow through financing at rock bottom prices was a big blunder. Because of that, it has become one of the poorest performing stocks in the sector.

An amateur and reckless mistake and the long-term shareholders are paying the price.

[WanTBe1]

Your 100% right.

[TickerStock101]

You people keep hating on management yet they have made wise decisions. Easy to criticize a company after unexpected issues arise. Seems like you go around all day bashing every oil company on forums....point is every oil company was affected by the pandemic, but surge is still alive and getting on its feet is a real good position, unlike many. The only reason right now surge hasn't surged is

[WanTBe1]

No your wrong. WCP is how an Oil&Gas should be run with great management. 10 shares of SGY for one WCP. Make the deal.

[Theconsortman]

Too much debt. Too many cheap shares.

[HonestAl]

Theconsortman RE:RE:Shareholders paying for managements big blunder TickerStock101 wrote:...The only reason right now surge hasn't surged is uncertainty regarding the pandemic. Just give it time.... ------------------------------------ I disagree, it's all about timing and perspective.  If you purchased last October, you have had a surge.....a 4 bagger to

[Badvoodoo2]

I'm with you honestal I've been in Surge from the time it nearly hit double digits and I've stuck around till yesterday. I sold the last of my shares and am sad to see this company dig it self a slow painful death. I maybe wrong  but don't think so.   

[Kadiddelhopper]

That was a huge 1/3 billion dollar blunder in 2018 buying the moose pasture of Mount Bastion from MBOE in conjunction with Jag Capital... 3 years later Surge still has not been able to recover despite the recent Energy price recovery, and now in desperation they put pen to another Deal basically wiping out a huge swath of their loyal and believing ShareHolder base, just when the Loyalists were