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.

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Surge Energy Inc (Alberta) > Is this thing going to miss the rally altogether?

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Comment by senseimikeon Jun 10, 2021 10:20am

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Post# 33361870

RE:RE:RE:RE:Is this thing going to miss the rally altogether?

Yes but if they reinstate the $0.01 monthly dividend the stock is suddenly paying an 8% dividend if it had cost you $1.50. If you only pay $0.59 it's a 21% dividend rate. Remember , this stock was paying $0.03 dividends after brent climbed into the $80 range. This could pay the current shares back in dividends within 1.5 years. How long do you think investors will shun that ?

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