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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 Jim12345on Dec 09, 2019 9:40pm
191 Views
Post# 30438072

RE:Outlook -- consistent production; sustainable dividend

RE:Outlook -- consistent production; sustainable dividendSGY is good to see at $1.00, with high dividend rate. But it is time to have a positive price action on this stock. This stock should go up a lot. $1 doesn't really make any sense for this. I am waiting to see my shares on a green side for a while. Looks like it is not that far..........
The wait is not really a problem, since there is good divident yield.
Bullboard Posts