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)

Bullboard Posts

Comment by daniel004on Feb 15, 2018 6:45am

129 Views

Post# 27563111

RE:GREAT MOVE

I agree Kathy. If share price continues to lag the market, they need to agressively buy back. Best of both worlds - Increase share value while decreasing dividend payouts.
https://surgeenergy.mediaroom.com/index.php?s=10448&item=135321

"Further, early in the first quarter of 2018, the Company closed the sale of a minor, non-core property for gross proceeds of $6.8 million. Surge intends to redeploy, on an accretive per share basis, some or all of the proceeds from this non-core asset sale into the NCIB."

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