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Surge Energy Inc (Alberta) T.SGY

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

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.


TSX:SGY - Post by User

Post by Baystboy07on Mar 16, 2022 10:37am
229 Views
Post# 34518223

Once again…

Once again…Todays price action shows why we need management to focus on debt pay down and getting a MEANINGFUL NCIB....I could not give a rats butt if the CEO owns xxxx shares and he prefers a dividend to milk the Company.

PUT YOUR SHAREHOLDERS FIRST.....YOU ARE ONE OF THE FEW COMPANIES THAT ARE STILL BELOW ITS PRE-PANDEMIC PRICE STILL....WHAT DOES THIS TELL YOU?

The market is still not re-rating this stock because if too much debt!!!!
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