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 Kings_kidon Oct 04, 2019 3:50pm

313 Views

Post# 30198092

RE:RE:Dividend sustainable...courtesy fool.ca Great article.

Good afternoon!

Great article by Fool on SGY, good simple explaination as to why the dividend is safe.

As for the price of SGY oil:

The do not get WTI or WCS price as an avg return on a barrel of oil. It’s roughly 45% WCS pricing and 55% Edmonton Light. Discounts currently of $13.45 and $4.84 respectively at spot price.

With the US exchange SGY is getting on average not including hedges $58.79 Canadian/barrel of oil sold.

Have a great weekend and good luck to all the longs!

Kid

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