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, Greater Sawn and Shaunavon. The Sparky operation offers light/medium crude oil production... see more

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Surge Energy Inc (Alberta) > WHAT ARE DIVIDENDS.? WHAT STOCK PRICE DO YOU START TO PAY.?

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Post by ariesleaf on Jun 15, 2021 10:29am

WHAT ARE DIVIDENDS.? WHAT STOCK PRICE DO YOU START TO PAY.?

Dividends are a long ways off. Let SGY get on a strong financial footing. No sense starting dividends for a short time only to cut again.

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Comment by Theconsortman on Jun 15, 2021 10:53am

I would think the priority would be backfilling the nearly 2000 bopd of Sparky production they sold off to Tamarack. That is a lot of drilling. So drilling and/or debt repayment.

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Comment by Countrin2tive on Jun 15, 2021 12:35pm

Increased production and serviced debt will or all things being equal should cause an increased SP that exceeds any dividend paid over short term. I am happy to collect dividends at a higher SP resulting from SGY getting it's house in order.

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