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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

Comment by unc12345on Mar 04, 2021 2:07pm
187 Views
Post# 32716816

RE:Rumours are on the street

RE:Rumours are on the street Being a long-suffering shareholder here, I'd love nothing more than to once again receive a dividend income and see some upward movement on the price.  But given that they needed help due to the debt a short while ago, they should be paying it down (and I think might be forced to anyway) before reinstating any dividend.

As much as I think we might be in an upward phase in oil and energy stocks, the past year in this market and the world shows us that NO ONE knows what the future holds.
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