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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Post by Windyhillon Jul 12, 2019 7:11am

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Post# 29911980

SGY - The 5 year plan by Paul Colbourne not to worry....

Surge's disciplined growth and dividend paying business strategy is set forth in the Company's detailed five-year growth plan8 as follows:

Grow production per share at five to six percent annually;
Maintain and grow the Company's dividend (current yield ~6.8%9); and
Deliver free adjusted funds flow annually of four to five percent.

Management's goal is to provide these annual returns on a consistent basis, along with an increasing, compounding dividend.

Read more at https://stockhouse.com/news/press-releases/2019/05/06/surge-energy-inc-announces-2019-first-quarter-results-record-production#C7TPQZkcgqgSBY1a.99

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