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Surge Energy Inc (Alberta) T.SGY

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

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

Bullboard Posts
Comment by 2smart4u2on Dec 01, 2016 4:54pm
263 Views
Post# 25543001

RE:was there some news?

RE:was there some news?I don't think there is any takeover offer on the table, the market is just pricing in the divy. Oil at $45 and possibly going south like just a few days ago, they would probably price the divy at 3% and rising. At oil $50 and headiing north they would be pricing the divy at 2.5% and heading lower. Which is good, it's telling you the market likes Surge Energy when it's divy yield is approaching Whitecaps, a market favourite and better then most blue chips like Suncor and even Peyto and Vermillion, Cardinal and Torc, etc., etc.
Bullboard Posts