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.

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Surge Energy Inc (Alberta)

Bullboard Posts

Comment by Johnnysbackon May 02, 2017 5:28pm

274 Views

Post# 26194928

RE:RE:RE:Paul Purchases

stockwatcher248 wrote: don't go by that dastocknow....PC has bought every month for the past 4 years....however I do beleve the earnngs should be good based on the company update a few weeks ago...

Earnings are not great for anyone in this oil environment... But having earnings is a plus, and being able to fund the dividend is a plus.. not to mention with this last purchase they have talked about increasing the dividend to 9.5 cents per year from 8.5 cents. thats about a 12 % increase. Might boost shares as long as it looks like the balance sheet is not being hurt.

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