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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

Comment by 1970Craigon Jan 17, 2022 7:04pm
141 Views
Post# 34326487

RE:RE:CEO is a gambler & needs to be controlled.

RE:RE:CEO is a gambler & needs to be controlled.

I should of made clear that I agree that debt needs to. Be paid down.  This in the long run will do more for us share holders than the divvy.  

    I am not accusing the CEO of being a gambler.  You do what you think is the next right thing.  Bring a leader is a lonely place.   Bottom line is we are still standing and there were lots of so called leaders who went broke. 

    So let's remember this.  He navigated through the worst time in the history of oil.  

    I am about debt being paid down not off.  You need to borrow money to make money.  I just want to see us be bullet proof first.   I am sure this makes sense to all of you.   If this was your house would you buy a car right now.  Or would you pay down your higher Debt first 


    I guess that depends on your car but it also speaks to your longer view and your discipline.  

     I am very happy for all of you.  It's been a good little run here and I believe it's the beginning!

   Craig 

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