Post by
Kherson on Nov 02, 2022 8:52pm
Shareholders played for fools!
I am glad to see that a few posters have responded to my comments. Exactly what they were trying to counter my comments with is anyone's guess, but it is obvious that I need to be clear as to what I was commenting on.
1) The effective date is May 1st, 2022. Now isn't that interesting considering Surge's NR on July 27, 2022.
2) I have said for quite sometime that Surge should not be increasing any dividends until the debt is reduced below $100 million, instead of $200 million as outlined in their "Return of Capital Framework".
3) The silverlining here is that framework is now based upon a much higher overall free cash flow and those promised increased shareholder returns are now farther out into the future.
4) I find interesting that the BOD has not yet approved the anticipated dividend increase. I for one am actually hoping that they do not approve any increase until the debt is below $200 million.
5) Finally, Paul did play us for fools, as most shareholders were hoping and believed that increased returns would be sooner than later, which I have said that the balance sheet could not sustain, based on the production numbers before today's announcement.
Overall, I think that Paul did pull a rabbit out of the hat and yes I will continue to hold.
Kherson
Comment by
CanaanR on Nov 09, 2022 4:45pm
This post has been removed in accordance with Community Policy
Comment by
Karren411 on Nov 09, 2022 5:01pm
maybe stick to GIUC's , just saying
Comment by
yulobrowm on Nov 25, 2022 6:01am
SGY has been over a double for me
Comment by
HubbaBubba on Nov 12, 2022 5:06am
Maybe stick to GIC's there John Plows