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 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.

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Surge Energy Inc (Alberta) > Scratching my head…

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Comment by PreludeSHon Aug 16, 2023 4:44pm

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Post# 35591787

RE:Scratching my head…

Driven by relatively high debt, and acquisition loving CEO. He's made some bad bets in the past and investors don't believe in his acquisition strategy.

Nextlegup wrote: Surge currently has a dividend yield of about 5.9% and some decent growth opportunity..

Other than some debt that is a little on the high side, I'm just curious as to why Surge seems to trade like the neglected stepchild...?

I still continue to accumulate...

Personally, I like those companies that have taken some initiative and made acquistions over the last 2 years..(CPG, BTE)

genuine thoughts?