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, 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.

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Surge Energy Inc (Alberta) > Dividend is no longer sustainable

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Post by Khersonon May 05, 2023 3:45am

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Post# 35432190

Dividend is no longer sustainable

I have been saying for awhile now that Surge has too much debt and it is now clear to all that I was right! Surge now has no choice but to eliminate the dividend at sub $75 WTI oil prices.
Kherson

P.S. I voted to withhold my support for Paul Collburne. I would suggest that all shareholders do the same.

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A junior copper-gold stock trading at a bargain of monumental proportions