Surge Energy Inc (Alberta) T.SGY

What kind of S-bag rushes out to dillute the company at 10%

[drunk@noon]

under what the stock is trading at, when thier NAV at even 80 dollar oil is almost 100% higher?&nbsp;<br /> <br />

[harvester]

maybe he should join the Liberal party. They both spend the same with no regard to debt. Maybe we can placate the shareholders with a dividend boost

[Al42]

Yeah well...same thing happened a few years ago in 2018. Acquision of Mt. Basion, anticipated dividend increase of 25% and it never happened. So track record not very good!! CALGARY, Sept. 5, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) and Mount Bastion Oil and Gas Corp.  ("Mount Bastion" or "MBOG") have announced that they

[harvester]

nice to see Enerplus stock up on a down day

[Tradestay]

I hear what you are saying here, but this time oil price is set us structurally bullish. As well our share count is low compared to 2018. Old investors got hurt with the reverse split no doubt but now the share count is low compared to peers. 10% dilution but a 18% approximate increase in production in core area with accretive cash flow that can now go to existing debts to improve balance sheet at

[VeritasVern]

I agree, Surge has bought proven productive lands with fantastic liquids extraction rates of 99% which fetches a premium compared to heavy oil. All SGY has to do is drill babby drill.

[red2000]

Good deal for my point of view ! But Paul forget to talk about the saving in CAPEX and cost reduction to recover those actual and future barrels !! Only my O !

[brewster123]

The two communists in Ottawa (Trudope and Freedland) are talking about imposing a tax on share buybacks so Surge might be better off buying and drilling to increase shareholder value.