Bullboard - Stock Discussion Forum Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s): ZPTAF | T.SGY.DB.B

Energy Oil & Gas E&P

Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with... see more

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Surge Energy Inc (Alberta) > WHY DOES SGY NOT BUY BACK SHARES.?

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Post by ariesleaf on Dec 03, 2021 2:17pm

WHY DOES SGY NOT BUY BACK SHARES.?

Is the reason why is because Banks won't allow.? Plus the hold on paying a divided.

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Comment by Baystboy07 on Dec 03, 2021 2:41pm

The Banks will most likely not allow it...also I think the govt loan causes an issue.

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Comment by littledave55555 on Dec 03, 2021 4:44pm

If oil stays above 60 dollars a barrel... Eric Nuttal believes it will stay around 70 to 80 next year ... An SGY pay down debt... An starts drilling instead of buy companys ... buy the end of 2022 this company will be a 10 to 15 dollars stock... but the way it is ... its still a 6 to 7 dollar stock... so i'm guessing Time and big fuel sucking trucks will get it to where it needs to go lol so I ...more

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