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Bullboard - Stock Discussion Forum 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... see more

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Proposed new tax on stock buybacks!!! This should be enough!
View:
Post by zack50 on Nov 03, 2022 5:58pm

Proposed new tax on stock buybacks!!! This should be enough!

I'll happily take the dividend in my TFSA.!!
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Comment by WanTBe1 on Nov 04, 2022 9:46am
This will be the end of stock buy backs
Comment by VeritasVern on Nov 04, 2022 10:09am
No problem the work around is pay off debt and higher dividends instead. 
Comment by brewster123 on Nov 04, 2022 4:14pm
The tax does not kick in until Jan.1 2024 so I think it will accelerate buy backs in the short term and then revert to increased dividends.
Surge Energy Inc (Alberta)
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