Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s): ZPTAF | T.SGY.DB.B

Energy Oil & Gas E&P

Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.

TSX:SGY - Post by User

Surge Energy Inc (Alberta)

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Comment by terroiron May 26, 2013 9:14pm

328 Views

Post# 21444274

RE: RE: RE: New and Better Company Presentation

In the analyst.broker meetings Paul was floating a 30 cent dividend, which to yield 7% would require a $4.20 share price.

The guess to be made is not so much the yield as the amount of dividend.

I am guessing 35 cents. Which at 7% would generate a $5 share price. 7% is very much in line with expectations, and $5 is where we are at.

Based on the throttled back capex I believe they can afford 35 cents. The extra 5 cents would cost only an additional $3.5 million. Keeping total payout well below 100%.

Expect numbers this week.

Terr

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