Surge Energy Inc (Alberta) T.SGY

Holidays Are Over

[uwebb429]

Surge has resumed with three active rigs. One is near Hope Valley, one is due south of Provost and they are working again one mile SE of Lampman, SK where they have had excellent results recently.



Investors are once again warming up to a company that can pay an 8.5% dividend that is well covered by cash flow. Hopefully proceeds from the recent asset sale were used to buy up some cheap shares in December during tax loss selling season. 

Thank you Josef Schachter for recommending SGY.

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We all have our different experiences for sure, so it's wonderful that you got in at a great time on SGY.  But I'd like to add that Josef was saying Surge was a "table-pounding buy" under $2 (pre-consolidation), the equivalent of a $17 share price today.  So, I'm not sure his record is worthy of a great deal of praise, in my experience anyway.