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, and Greater Sawn. 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 the potential for continued area consolidation. The Valhalla operation offers a stacked pay multi-zone potential with light oil and provides a range of area infrastructure and access to multiple egress options supports attractive operating netbacks. Its Greater Swan operation consists of concentrated light oil assets with conventional slave point reefs.

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Surge Energy Inc (Alberta) > Rumours are on the street

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Comment by daniel004on Mar 04, 2021 7:26pm

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Post# 32724433

RE:RE:RE:RE:Rumours are on the street

Dividend reinstatement soon? Your kidding. (or pumping)
As a taxpayer financing the bailout loan, I'd be pi$$ed if it happened before paying it back.
As a shareholder (bagholder) I'd say it's way too soon.
If you follow or spread rumours like that, you're troubled.

Chris007 wrote: Most likely not going to be disastrous . That being said, probably not going to be particularly great either. Crude prices basically averaged mid 40s in Q4.

As for the dividend, it would definitely be surprising if the bank syndicate allowed them to revive the dividend.

Herfa1 wrote: Not a good idea. They need to pay down debt. With the oil being that high, with the non buying by insider, with Surge not moving, the result of December due for next week must be quite disastrous.