Surge Energy Inc (Alberta) T.SGY

Nuttall January 28th

[downtozero]

Nuttall's back on BNN on Jan 28th. Do you think he'll have anything good to say about SGY this time?? I'll bet he's been buying.

[fortunefavorsus]

One thing Nuttal like is a company buying back stock.  Lets hope oil prices allow SGY to make a sizeable buyback program.  Management owns a lot of the stock so they might want dividends though. 

[morrisminiman]

Hmmm we discussed buy backs a couple of weeks ago and it doesn't make sense for SGY. We had a 8.5-1 consolidation and then the price plummetted from there. The consolidation means we don't have the need to have a buy back as there are much fewer shares out there than preconsolidatoin SGY which was dilutted to buy properties and other oil cos... What we need now is for the price to go up

[downtozero]

For companies that were low leverage, getting free cash flow and were highly undervalued, Nuttall was pushing for share buybacks. A lot of those companies are now double or tripple 2019 levels, so now Nuttall is pushing dividends. Surge share price is still significantly below 2019 levels so buybacks may make sense one SGY pays off their debt enough tfirst. If Surge does jump significantly above

[fortunefavorsus]

You actually make a good point for doing buybacks.  The stock price has not risen above the consolidation price.  The assets that they acquired by issuing additional shares added significant value increasing profitabiity and lowering the debt percentage of Surge but the share price declined not reflecting the benefits.  Wouldn't take a lot of buying to move the stock price up.&

[tsoprano24]

Fortune, basing a buyback on where a split was done or a yearly high was made is not how that decision should be made. The only price that needs to be looked at is price of stock versus book value. There are better things they should be able to do with their money, with potential for building a better company. Like paying down debt or buying assets at distressed levels from competitors. If oil

[pantono1]

This post has been removed in accordance with Community Policy

[tsoprano24]

Buybacks don't make sense unless stock is trading below book value. Immediate return on capital then. Paying down debt to sensible levels is smartest thing to do when above book. Then dividends if you want to give back to shareholders. Buybacks for the sake of buybacks is ridiculous and usually done by boards trying to get bonuses based on EPS while actual income is stagnant. I would

[downtozero]

After adding SGY to his Twitter graphs, I'm sure he's been buying big time. https://twitter.com/ericnuttall/status/1485623098539974665/photo/1

[TickerStock101]

I was thinking the same thing! Never thought he would as him and Paul don't seem to hit it off but he added SGY to his graph!!

[morrisminiman]

what time is Nuttall on tomorrow, I want to see it.

[Al42]

12:00 EST

[zack50]

Eric Nuttall Market Call Guest Energy Stocks Friday January 28th 2022 12:00 PM EST

[fortunefavorsus]

If he followed his own chart he would be buying Energy Investing - Canuck O&G at $80 WTI - Energy Investing - InvestorVillage