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Surge Energy Inc V.SGY

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  T.SGY | ZPTAF | T.SGY.R | T.SGY.O

Price: $4.28 | Change: $-0.14 | %Change: -3.17%
Volume: 2.3m | Day High/Low: 4.48/4.27 | 52 Week High/Low: 8.82/2.23
View modes: 
0 stars

I agree.

But if oil continues to be weak it will bring down all oil plays. Look where Surge was 6 months ago along with the rest. Some may be thinking to buy back at a lower price. Market doesnt care to more
0 stars

RE:Surge Debt...

Thought so, thanks. Will be good to see that updated figure as I believe the debt load was the only real concern with Surge.  Other than that, they've got good assets and a good mgmt team more
0 stars

Down Again??

I sure hope we do not retest our 52 week low. I am surprised we fell this much already. Maybe CPG would take us out of our misery at $4  rate and reply
5 stars

RE:Surge Debt...

2015-02-12 COMMENT Swanzy Quarshie Got into some balance sheet issues because of commodity prices, but she likes that management has taken a very proactive approach to how they deal with that. more
0 stars

Surge Debt...

Jackie... it was Surge who made those changes, but the updates have not yet arrived . I believe the Debt was reduced to less than 400M, but haven't seen that reflected on the Yahoo Finance , more
0 stars

RE:RE:Oil down more..

Yep I agree. Not buying back till there is a trend change. Pps in oil companies could drop alot more as oil goes lower. Imo  rate and reply
0 stars

RE:Oil down more..

They sold the hedges and land for 70 million , Reducing the line of credit, with a swap in place. 10.000 bopd are hedged so they have a cushion . Smart move is to cut the divy next month and more
0 stars

Oil down more..

With oil going down again the worst may not be over for oil producers. We may see another dip here as oil may reach $40. Pps of all producers may reach another low. Surge along with others are more
0 stars


I thought they had just recently announced that they'd cashed in their hedges, paid down debt and set up a new hedging program for the balance of 2015.  Unless I am mixing up my stocks here, but I' more
0 stars

Going forward not looking good.

Very bearish from all sides. Imo  rate and reply
0 stars

RE:Consolidations are coming

SGY & LEG are two potential candidate for take over by CPG.... CPG will buy it for $4.00 - $4.50.....  rate and reply
0 stars

RE:sub $30 oil on the way

this will be a much longer haul than most had anticipated , I think it was more about hope that prices would recover as most  hedges ran out by june  ... now I think $60 wti  is the best one more
0 stars

Consolidations are coming

CPG announced they are patiently mulling various opportunities...A most likely candidate for takeover is Surge.  rate and reply
3 stars

Going forward..

As all Analysts have their own predictions on the direction of oil prices, still no one knows for sure and are making their best guess. Almost all oil companies have lots of debt. Their more
3 stars


Now all lines of credits will be adjusted to resrves value , so trim at least 30 % of last year reservres. This will be another company in the bankers hands, lots of consolidations coming or more
0 stars

SGY Debt

Below is a cut and paste from the 2014 Q3 report.  Apparently, the bank debt as of that date is $453 M (Nearly double from the year prior).  There is $270M wiggle room here but my concern is that more
3.5 stars

Back in at 2.86

bottom is near on oil.  With breakup coming, more and more rigs will hit the sidelines and very few companies have plans to bring them back post breakup. It will take awhile but the market is more
3 stars

RE:RE:RE:RE:RE:Getting a little tired

T, you are bang on, thing of it is most of us are happy to load up on more debt.  Eat our big macs, watch television and go to work.  People keep saying yeah I owe a tonne of money but they don't more
0 stars

RE:RE:RE:RE:Getting a little tired

MM, read The Creature of Jekyll Island to get a real lowdown on what is happening out there. Eye opening book. And, you are right, it is the bankers that create the problems. Specifically, the more
0 stars


Thx Punjab... excellent website.... and an easy read . Will refer to it in future!  rate and reply