Surge Energy Inc (Alberta) T.SGY

DB and DB.A almost back to par

[Al42]

SGY.DB.A	CA	99.50		0.50	0.51%	98.00 / 8	99.75 / 101	38,000	99.50	99.50	Trade
SGY.DB	CA	99.99		0.49	0.49%	99.75 / 23	99.99 / 1	12,000	99.99	99.99

[pennydredful]

The   fact   that   these  UNSECURED  debt   issues   of    5.75   and    6.75 %  are  trading  at virtually  par  means   the  company  paid  through  the nose  when they  paid  8.85%  for   second lien SECURED

[pennydredful]

Also   high  placement (underwriting-commission) fees  would come  with  debt  and basically the  interest  cost  is NOT   tax  deductible   as  Surge    already   has   large  tax  pools to shelter income  . 

[Chris007]

If you are an energy company needing refinancing of debt, you better hope you are a large one in order to get anything near reasonable rates. Atleast SGY didn't have to throw in warrants on top of 9.75% in order to get it done. Cenovus CALGARY, Alberta, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has completed a public offering in the United States (the

[kavern23]

Surge did well man in the context of the market. Not everybody sees Surges assets the same as their shareholders do. The amount is large...well done to them but Surge didnt raise 75M...130M...pretty large. Bonterra for example got only 32M at 9% for only 4 years and had to attach warrants. Pretty BNE would have took a bigger amount. The term is five years...thats what companies want. This might