Surge Energy Inc (Alberta) T.SGY

1.1 billion tax pool

[Rockyboy2015]

Surge has over 1.1 billion tax pool available

[pennydredful]

THere   is  a  glut   of tax  pools   in  the industry   so  they   have little  value   less  than 5 cents  on  the dollar.

[unc12345]

I don't understand this, so could you please clarify?  Correct me if I'm wrong, but in my understanding, a tax pool reduces future tax obligations when a profit is actually made by the company.  The fact that there is a glut of tax pools in the industry makes no difference and has no relevance.  To me it just shows how poorly the industry has done over the past 8 years or

[PUNJABI]

You are correct. tax pool is very valuable. It can be used against future profits once the  company starts making a profit., You are also correct a large number of oil companies have tax pools because the oil had collapsed and even traded into the negative price. I was closely mounting the prices and glued to the screen and could not believe it.  When so many oil companies have big tax

[pennydredful]

NOPE  . ,  Tax pools  have  low  value   because  there  is an excessive  amount  of  them . Why? Companies   such   as  Surge   rarely   make  an  "accounting profit"   re  heavy  write  offs   available ---  100%  for  CEE&

[PUNJABI]

Correct oil companies have huge write-offs > Oil sector had a very bad run. But once in a few years of bull oil markets, they might need it. it is not useless. There are companies that have started generating profits on a quarterly basis.