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) > Insiders own nearly 20% of the shares

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Comment by Countrin2tiveon Mar 07, 2021 12:10pm

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Post# 32738732

RE:RE:Insiders own nearly 20% of the shares

Well presented Blackdog. I agree 100%. Paying down debt will result in increased share price. You just need to look at the events of the last couple of days to appreciate that. Also I would guess that the increase in share price will out-value any dividend SGY might be willing to pay right now, If they were willing to pay it. I would prefer they put cash in the bank and get the company out of hock. It will all amount to shareholder equity.

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