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 Khersonon Dec 20, 2019 7:53pm

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Post# 30478838

RE:Gravy money being made above $60 WTI

JohnMayer wrote: Just looking at the latest investors presentation and I noticed on page 4, management is estimating 2020 net debt reduction of more than $20 million at $56.50 WTI. If this run to $60 consolidates here, SGY is making bank. Ramp up those share buybacks!!! Every share is collecting 10% in monthly dividends, get rid of that commitment and spread that money to the rest of us longs!!!

I totally disagree! Any extra cash needs to be used to reduce debt for all of 2020!
Kherson

Bullboard Posts

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