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Surge Energy Inc (Alberta) T.SGY

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

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

Comment by fortunefavorsuson Mar 25, 2022 8:23am
223 Views
Post# 34544433

RE:RE:RE:RE:RE:Large seller dumping shares since yesterday

RE:RE:RE:RE:RE:Large seller dumping shares since yesterdayI was talking the whole company sale.  They have mentioned selling assets if the opportunity arose.  We are just waiting for dividend and buybacks to move the stock price.  If they sold some assets they could get below debt level and start these actions.

Management needs to start thinking outside the box.  If market want award them a fair price start selling assets and distributing to shareholders large special dividends.  I think every asset should be up for sale at these prices.  Could Sask fetch twice what the paid for it now at these high oil prices?  What could they sell Mt. Bastion for now?
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