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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

Post by ACESoveron May 03, 2023 7:39pm
199 Views
Post# 35428873

Excellent news

Excellent newsI have no issues with Surge. They are on the right track and oil prices will dictate how good it can be. ACE$

In addition, with over $1.4 billion in estimated tax pools at December 31, 2022, Surge is committed to delivering its shareholders a combination of:

  • continued net debt repayment (increasing Surge's NAV per share);
  • a $0.48 per share annual base cash dividend, paid monthly;
  • share buybacks;
  • a modest production per share growth wedge; and
  • potential for variable or special dividends.
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