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Linn Co, LLC Message Board

funnguy 6 posts  |  Last Activity: Jul 25, 2014 10:24 AM Member since: Mar 12, 2001
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  • Reply to

    Insider trading

    by mitchjl_16923 Jul 24, 2014 7:20 PM
    funnguy funnguy Jul 25, 2014 10:24 AM Flag

    Yahoo wont allow links here is best clue I can leave. Canadianinsiderdotcom then enter sgy the Canadian sybol for surge

  • Reply to

    good gain today.+.37 at $7.32

    by mitchjl_16923 Jul 18, 2014 6:45 PM
    funnguy funnguy Jul 23, 2014 11:16 AM Flag

    I am looking for a good quarter report too. This has been my best performing stock the last 18months, I really like this CEO Colburn took the job for no pay. He has invested millions of his own money in buying shares.He really knows Canadian oil.

  • FAST AND THE FURIOUS. That's the only way we can describe the recent insider buying at Surge Energy. According to reports, Surge kingpin, Paul Colborne, bought an additional 255,450 common shares (both directly and indirectly) at an average price of $7.156 per common share ($1,828,115). Colborne who is Surge's Chairman, President and CEO, has bought nearly $5 million worth of stock through the public market over the last 90 days. Colborne isn't the only insider buying, on Monday, SGY director Murray Douglas Smith bought 121,100 shares in the public market at an average price of $7.22 per common share. Over the past 90 days, a total of five company insiders have reported spending $3.8 million buying company stock in the public market. Last week, Surge announced the closing of the purchase of Longview Oil (LNV). Assuming LNV production levels of 5,700 boe/d (~80% oil; ~15% of which is heavy), SGY is paying $75,250/flowing boe, which is slightly below other recent oil weighted transactions (~$80,000/boe). SGY is paying just $11.41/2P boe of reserves, which is significantly lower than recent transaction levels (~$19.50/boe of reserves). As a result of the highly accretive Longview acquisition, Surge's Board of Directors have now approved an 11% increase in the company's annual dividend from $0.54 per share per year ($0.045 per share per month) to $0.60 per share per year ($0.05 per share per month), effective for Surge's next declared dividend. At yesterday's closing price share yielded 7.11%. #RIPPaulWalker.
    Read more at http://www.stockhouse.com/companies/bullboard/v.sgy/surge-energy-inc#EQh7fOSPplptRXwY.99

  • Reply to

    it doesn,t make sense

    by rnsawaya May 9, 2014 11:06 AM
    funnguy funnguy May 13, 2014 12:20 PM Flag

    Lot of holders were looking for a div increase and it didn't happen. Been a long time since an increase. Report was excellent except no increase.

  • The first Qtr Revs are up an unbelievable 101% from 1st qtr 2013. Payout Ratio at only 88% What a blow out quarter! Go Surge!!!

  • Looks like the big boys are buying, a big block of 500,000 shares just sold at $6.56 Good to see this! Earnings out May 12th will most likely give us longs a boost!

29.68+0.20(+0.68%)12:06 PMEDT

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