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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 mike49on Jan 14, 2019 8:47pm
237 Views
Post# 29231015

RE:Divi

RE:DiviDon't have to look much

Although things did not go exactly according to plan in the wake of the Mount Bastion takeover, that did not stop Surge's president and CEO, Mr. Colborne, from boosting his shareholdings by over a quarter million since the takeover was announced. From Sept. 7 to Dec. 31, he picked up 279,702 shares at prices ranging from $1.41 to $2.67. He now owns 5.34 million of Surge's 309 million shares. These shares provide him with $44,500 a month or $534,000 a year in dividend payments, in addition to his $415,000 annual salary.
Bullboard Posts