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

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

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

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Price of oil is up….
View:
Post by Baystboy07 on Jul 07, 2023 4:26pm

Price of oil is up….

I know you are a little slow Paul....so I will say it again to remind you...PAY DOWN YOUR DAMN DEBT...don't do anything stupid...unless of course you want to retire and let a grown up take over as CEO!!!

Signed,

an angry shareholder.
Comment by uwebb429 on Jul 07, 2023 5:35pm
Why are you so angry? SGY is doing OK considering WTI is down 28% during the last 12 months. SGY is up 75% pluls dividends over the last 18 months. Most analysts have a target of an additonal 75% increase plus dividends duirng the next 12 to 18 months. That is not so bad. Lots of activity since spring break up near Provost and near Midale in SE Saskatchewan. If Paul needed to use some more debt ...more  
Comment by Baystboy07 on Jul 07, 2023 7:13pm
Our CEO is an idiot. Last 4 years...production flat, debt down $100m and share count up almost 50%. Fortunately, with dividends I am about flat, but over about a 4 year period they have been one of the worst performing oil plays. He milks this company like it's his own private business. He has done 4 deals in the last 2.5 years and incurred a bunch of fees and has basically flat production and ...more  
Comment by dllscwbysfn on Jul 10, 2023 8:37am
If it was me and i thought our ceo was an idiot i would simply sell the stock, so why are you here?????
Comment by Baystboy07 on Jul 10, 2023 11:35pm
Because I am hoping that Nuttal throws his useless butt out. At a certain point companies with weak management get agitated by activists or the Board wakes up and throws useless managememt out.  Seems like you are a sheep and are happy with Paul's horrible mangement. The Mt Bastion acquisition, which was before my time as a shareholder was a disaster. I though this as a deep value ...more  
Comment by OLIVIER1951 on Jul 11, 2023 8:23am
Paul,Paul, se faisait  aller  les  bretelles  va  a 25$  mon  oeil.,lui il a son  gros  salaire 
Comment by tinkvid on Jul 11, 2023 10:13am
In my opinion Its very tough to be an executive leading a Public oil and gas company, Politician, Referee....No matter what call you make, it's neither right or wrong in someones eyes. I think the Management of Surge Energy are making the best decisions for the company with the information they have at hand in the most highly manipulated commodity market ever. Nice bounce from the lows....
Comment by Baystboy07 on Jul 11, 2023 10:30am
Dose of reality. Stock is down 60% over 5 year period. Alomost bankrupted the entire company to the pint that the banks took over and forced asset sales and hedging at horrible prices. why are people on here so anxious to give management a free pass? Paul is a promoter that is only milking this company with stock grants and dividends. you want a telling stat...look at all the insider buying at ...more  
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