Bullboard - Stock Discussion Forum Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s): ZPTAF | T.SGY.DB.B

Energy Oil & Gas E&P

Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with... see more

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TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Surge Debt!

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Post by Kherson on Oct 03, 2022 10:00am

Surge Debt!

Paul needs to get our debt below $100 million before he increases dividends.
Kherson

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Comment by zack50 on Oct 03, 2022 1:34pm

FFS Kherson, yes, Paul needs to get Surge's debt under control... isn't that what they are doing... will be down ~$80M from March to end of October. If you say this one more time, I'm going to liquidate my assets and throw a sidewalk pizza! I'm assuming you have read the Q2 F & O report. They have stated that the return of FCF will follow a phased approach, based on ...more

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Comment by Kherson on Nov 02, 2022 8:57am

I posted this a month ago and I still believe it. Surge has way too much debt! Kherson

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Comment by zack50 on Nov 02, 2022 1:17pm

[quote=Kherson] I posted this a month ago and I still believe it. Surge has way too much debt! Kherson[/quote] Well there you go Kherson... I will have to liquidate my assets and throw a sidewalk pizza! With oil at ~$90US today, Surge is poised to deliver strong operational results in Q4/22 and beyond. They have indciated they will deliver to its stakeholders a combination of: ...more

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Comment by Kherson on Nov 02, 2022 4:59pm

Well there you go Kherson... I will have to liquidate my assets and throw a sidewalk pizza! With oil at ~$90US today, Surge is poised to deliver strong operational results in Q4/22 and beyond. They have indciated they will deliver to its stakeholders a combination of: * Continued net debt repayment * A sustainable, base monthly dividend * Share buybacks * A modest ...more

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Comment by CanaanR on Nov 02, 2022 5:40pm

This post has been removed in accordance with Community Policy

Comment by Jtpatrol1 on Nov 02, 2022 7:55pm

what an idiot

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Comment by JTPloughs on Nov 09, 2022 4:53pm

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Comment by sweetMolly1 on Nov 10, 2022 4:53pm

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Comment by MorrisO on Nov 30, 2022 4:25am

John Plows sure is a bad infection on stockhouse

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Comment by Karren411 on Nov 10, 2022 4:59pm

Who cares ?

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Comment by EdRudner5 on Nov 29, 2022 5:26am

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Comment by Joe455 on Nov 03, 2022 8:48pm

Trevor, you don't like stockhouse and stockhouse doesn't like you so please do everyone a favor and go away.

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Comment by zack50 on Nov 02, 2022 6:05pm

Zack50, you should now realize that we shareholders have been played fools! Kherson [/quote] If you truly believe "that we shareholders have been played fools", then why do you still hold shares in Surge. As I indicated above, you have an alternative... sell your shares and move on. As a long time shareholder, my average share price in SGY is ~$5.73, placing me in a positive position... ...more

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Surge Energy Inc (Alberta)