Surge Energy Inc (Alberta) T.SGY

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

Energy Oil & Gas E&P

Surge Energy Inc. is a Canada-based oil focused exploration and production company. The Company’s business consists of the exploration, development and production of oil and gas from properties in western Canada. Its operations include Sparky and SE Saskatchewan. Its supporting assets include Valhalla, Greater Sawn and Shaunavon. The Sparky operation offers light/medium crude oil production with compelling returns. The SE Saskatchewan operation maintains asset base oil operating netbacks. It has low-cost wells with short payouts and potential for continued area consolidation. The Valhalla operation is offering stacked pay multi-zone potential with light oil and provides range of area infrastructure and access to multiple egress options supports attractive operating netbacks. The Shaunavon operation is producing low decline, medium gravity crude oil with high operating netbacks. Its Greater Swan operation consists of concentrated light oil asset with conventional slave point reefs.

TSX:SGY - Post by User

Surge Energy Inc (Alberta)

Bullboard Posts

Post by Saphoon Dec 12, 2014 1:02pm

576 Views

Post# 23224539

Div must be cut by at least 50%

This is from SGY press release.

Consequently, in 2015 (utilizing US$79.50 WTI per barrel pricing) Surge now anticipates delivering more than 17 percent growth in average daily production over 2014 (five percent growth in production per weighted average share), and paying the Company's current $0.60 per share annual dividend, while maintaining an all-in payout ratio³ of under 94 percent!

So at 55USD WTI, 94% perecent will become closer to 140%.

I hope SGY mgmt act swiftly like BTE, PEY regarding current dividend.

Bullboard Posts

A junior copper-gold stock trading at a bargain of monumental proportions