Surge Energy Inc (Alberta) T.SGY

Sgy business model has been a total failure

[soundandfury]

Their business model of growing production by aquisition is a total failure...........over last three years sgy has spent 480 million dollars in cash , debt, and equity to acquire two private equity firms to keep production flat........now they say they have two core area's ....one in se sask and the sparky.........this means that the greater sawn asset that paul spend 320 million to aquire in oct 2018 is not even considered a core area for the company........why did he spend so much to acquire an asset that is not even worthy to be called a core area?..........anyhow sgy trying to grow through aquisitions has been a total disaster for sgy imho

[littledave55555]

if this is a failed company why would someone in the company buy 156.000  plus shares ... ?? spending more then 500000 dollars ..... Tax right off lol get your head out of your buttt and move on your waisting everyone time with your garbage ... GO SGY GO !!!!

[Theconsortman]

Was this a requirement of the the people who structured the deal? A show of good faith? 

[WanTBe1]

I don't see Paul buying.

[rustycat]

I find it amazing that Colborne's investing accume, despite captaining the mighty Surge, has been worse than a rank retail newbee.  That takes real talent.  His copying of Crescent Point's DivCo model has been a disaster.  Bascially, he sucks.