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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, Greater Sawn and Shaunavon. 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 potential for continued area consolidation. The Valhalla operation is offering stacked pay multi-zone potential with light oil and provides range of area infrastructure and access to multiple egress options supports attractive operating netbacks. The Shaunavon operation is producing low decline, medium gravity crude oil with high operating netbacks. Its Greater Swan operation consists of concentrated light oil asset with conventional slave point reefs.


TSX:SGY - Post by User

Bullboard Posts
Comment by TheGesharooon Dec 07, 2017 7:43pm
335 Views
Post# 27114050

RE:Buy out

RE:Buy outI agree KK, surge is a stock I don’t seem to worry about as I have full confidence in PC.  I recall him commenting a few years back that he didn’t come out of retirement to run a ‘junior’ indicating to me that he was in this for the long run and had big aspirations for Surge.   Now, obviously nobody could have foreseen how this oil market would have played out since then.  However, as you pointed out, PC takes zero direct compensation, and enjoys the dividend and hope of share price appreciation like the rest of us.  We all know he’s extra-ordinarily wealthy regardless, but It inspires my trust in him.   I have seen no missteps from him other than not clipping the dividends sooner in the very beginning of this crash, but hindsight is 20-20 and since then he has been a rock star beyond reproach in his actions.

A dividend bump would be just plain ducky for me.   But share buyback and consolidation would also be fine.   I’m looong on this one.  We are in good hands on this.  I’ll go back to worrying about my other holdings now.  Lol

g
Bullboard Posts