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Bullboard - Stock Discussion Forum 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... see more

TSX:SGY - Post Discussion

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Post by Baystboy07 on Aug 03, 2023 9:40am

Quarter view

Debt down $20 mil - positive
production down QoverQ - not acceptable in my view.
debt still too high compared to others - negative

at these oil prices we will not reach next level of return framework until q1/24

We will continue to underperform until then.

GLTA
Comment by ditchdigger251 on Aug 03, 2023 10:12am
Can't push a rope, BB7.  Oil prices are back over $80 and heading higher.  Debt pay down will accelerate and production will climb.  That is what's needed to pay a higher dividend.  It's a couple of quarters away now.  Or sooner if oil spikes above $100...which is where KSA wants it.  If you can't be patient then sell.  13 yrs of drilling ...more  
Comment by Baystboy07 on Aug 03, 2023 10:35am
Tired of hearing of potential and I want results. I am slightly up all in with dividends collected. Only stat that matters is this stock is down 60% over a 5 year period. 
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