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 Khersonon Apr 21, 2019 4:46pm

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Post# 29652696

RE:RE:Surge Energy (SGY) might cut its dividend by 50% in 2019

pennydredful wrote:
Last fall Surge announced plans to increase the dividend from .10 to .125 cents annually . When the price of oil tanked they POSTPONED their plans for a dividend increase . Now that the price of oil has normalized it seems more likely that they will end this postponement and increase NOT decrease the dividend . The timing of this is unpredictable but one can be fairly certain no decrease will occur unless the bottom falls out of the oil market

The original post in this thread was intended to mislead investors! It's clearly an attempt to bash by someone who most likely shorted Surge!
Kherson

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