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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 (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 low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.


TSX:SGY - Post by User

Surge Energy Inc (Alberta)
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Comment by blade86caon Aug 03, 2015 5:34pm
120 Views
Post# 23985260

RE:RE:RE:crude

RE:RE:RE:crude
Brokerage firms providing drip verses surge providing drip 2 totally different things , brokerage firms just buying shares on open market for surge and putting shares into your account , If surge started a drip of their own they issue shares at a certain discounted price relative to average market price
yes if surge started their own drip it would be dilutive to shareholders but they would save a ton of money in dividends being paid out in cash ( that is how cresent point energy is surviving by a thread with such a high dividend and low oil prices)
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities
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