Surge Energy Inc (Alberta) T.SGY

IS SURGE ENERGY LOOKING TO BUY MORE ASSETS.?

[WanTBe1]

How about any of these.? 

Imperial Oil to market Montney and Duvernay assets

[downtozero]

Hopefully not while their paying credit card level interest rates on their current debt.

[WanTBe1]

Sgy can use more shares to buy assets. Don't worry about 8.5% loan.

[downtozero]

True, but would IMO want to own SGY shares??

[pennydredful]

What   nonsense .   Down to  zero  must  be a description  of   your  I.Q.  level 

[ppp]

Come on short a few more. You guys are a laugh. 

[unc12345]

Credit card level interest rates?  Exaggerate much?  8% for a company that almost didn't exist isn't terrible and it's nowhere near credit card rates unless you have different ones than me. It's obvious the point you were trying to make but you lose some credibility when making stupid comparisons.  Your agenda also becomes obvious.....

[1970Craig]

    The rate is second tier lending , or  a private lender.   Definitely not credit card , not even close.  In fact,  usually this type of lending is considered bridge financing.         It could be an option that made more sense.   Dilute the share count raise money at a incredibly low share price meaning if you really believe your trading

[downtozero]

Not 8%, not even 8.5% On December 9, 2021 Surge closed a new 5-year, $130 million senior secured second lien Term Debt Facility with an annual coupon of 8.85%.    Card Interest rate (APR) MBNA True Line Gold 8.99% National Bank Syncro Card 8.90% My agenda is I want maximum dividends on my shares. I'm hoping Surge stops wasting 26.5M per year

[ppp]

Thats what they have in mind. Based on the statement below, they should be able to reduce it by 50 mil. If they don't it's up to us to hold their feet to the fire. But I think it will be the debentures they deal with first as the first group is due end of 22 Surge will continue to focus on reducing debt leverage over the next six months and is targeting the reinstatement of its