Surge Energy Inc (Alberta) T.SGY

Surge Energy and Paul Colborne

[TickerStock101]

I think people may forget at times that Paul Colborne was the founder of Crescent Point Energy, he grew them to where they are today. He's an extremely smart CEO. Currently we haven't seen huge gains in the stock price due to acquisitions bought with stock, but isn't that better than having to pay interest on debt to the bank if we bought with cash? Even though our share price hasn't gone up like other share prices we have gained some very valuable assets. In 2022 and beyond Surge energy will be printing money now that the forced hedges are gone, all this patience will have paid off and the share price will be reflected in that IMO. Surge will easily be able to drill to grow production while paying out a dividend better than any other company out there in the future since they got such high quality, low cost wells IMO. Staying long!

[pennydredful]

Surprise  surprise  ,you   got   4 thumbs   up   from   4  of your  alias  troll.    Was  he responsible  for  CPG   droping  from  over   50   a share    to  sub   2.00  per share ?

[ppp]

He did well stepped out of CPG at the top in 2013. took it to 50 dollars a share. 

[pennydredful]

previous poster  said   he  took  to   where  it is  today  LOL

[ramsberger]

Stay in the present please. He may have been successful in the past. Now look at Mount Bastian deal, another private company by the way, a core aquisition and the root of the Surge Problem. Beginning of 2020 asks to increase sharebase to reward management I am not sure what for. As we seemed to come out battered but intact from 2020 with 20000 bpd, he sellls producing wells to pay down debt. Not

[ppp]

SGY made alot of mistakes no doubt.  All one has to look at the share price to get the picture. But 2022 could be the turn around year. All we need is the oil price to stay around these prices. Will PC keep his word and pay down debt, keep capex down and maybe start a div in H2, remains to be seen. But IMO he needs to get investor confidence back. If not I would say his days are numbered

[littledave55555]

I agree 110% an i'm looking forward to 2022 this is still very cheap for the price of oil... What we really need is more big investors coming back to the canadain oil markets.... An at these prices they will soon be hitting the buy button.... There is so much up side ... SO LETS GO !!!!! HAPPY NEW YEAR TO U ALL AND GO SGY GO !!!!!!!! GLTA !!!!!

[downtozero]

Why did he leave CPG if he was doing so well?

[pennydredful]

Because he didn't  agree  with  what  was going  on  there  , and he  was right  as  after  he left  the stock  crapped  out   from   about    58  $$   a share   to   pennies   per share . Even  today  the shares  are barely