Surge Energy Inc (Alberta) T.SGY

chap chap chap chap !!!!

[littledave55555]

I very happy to say they didn't do to bad , I think it is onward and upward from here, great job surge...Hope i can pick up more shares before we hit the 6 dollar make ....

[fortunefavorsus]

Yes I was expecting worse and they did pretty good consideringr the horrible hedges.  Next quarter with the full contribution from acquistions should even be better and by 1st quarter hedges will have much less of an impact on cash flow.  Next year looks great and maybe we get some kind of an asset sale that allows a strong dividend and share buybacks!  I am looking for a triple

[Baystboy07]

I think the bank has them by the short and curlies...they can't do anything until debt comes down...others that have worse metrics seem to have more discretion from banks to manage their capital structure. They are being chocked by crappy hedges and the banks...GLTA

[littledave55555]

Your right but they did pay down 40 million and if it wasn't for the bank, there wouldn't be a surge ... so have to take the good with the bad... An they already have better wti for oct and nov then the 3rd quarter ... an I'm sure dec will be good to ... So take the good with the bad... hope they learn from the past ... see what happens .. GO SGY GO !!!!! 

[Baystboy07]

I do not disagree with your points...just a frustrated shareholder...other oil companies are at 3 year highs...I think that this will be held down until their flexibility to run the company is returned to them...I think the Banks are pulling the strings now.

[littledave55555]

They pay off the debt , the banks will not be a problem after that .. 40 3rd quarter who know how much they pay in the 4th quarter oil over 80 buy the end of 2022 they can be debt free... ATH they say it will take into 2023 so surge is doing ok ... just going to take ... but as they get better so will the share price... It should go up tomorrow ... an if oil goes back up after the opec meeting we