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) > Rumours are on the street

<< Previous

Bullboard Posts

Next >>

Comment by daniel004on Mar 04, 2021 7:26pm

146 Views

Post# 32724433

RE:RE:RE:RE:Rumours are on the street

Dividend reinstatement soon? Your kidding. (or pumping)
As a taxpayer financing the bailout loan, I'd be pi$$ed if it happened before paying it back.
As a shareholder (bagholder) I'd say it's way too soon.
If you follow or spread rumours like that, you're troubled.

Chris007 wrote: Most likely not going to be disastrous . That being said, probably not going to be particularly great either. Crude prices basically averaged mid 40s in Q4.

As for the dividend, it would definitely be surprising if the bank syndicate allowed them to revive the dividend.

Herfa1 wrote: Not a good idea. They need to pay down debt. With the oil being that high, with the non buying by insider, with Surge not moving, the result of December due for next week must be quite disastrous.