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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 Ohmsfordron Mar 04, 2021 11:06pm
148 Views
Post# 32725218

RE:RE:Dividend

RE:RE:DividendI'm hopeful for a dividend announcement as well, and I'll admit based on past comments from Paul Colborne, I am optimistic they are going to try and bring it back soon, but at a pretty conservative yield to ensure it doesn't make a major impact on the debt reduction.  I'm thinking something around 3 to 5% annual yield on current share prices, which would only be .0015 or .002 per share, monthly.
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