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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) > Based on oil prices at US $70 WTI...
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Comment by Divinvestoron Jun 15, 2021 7:40am
287 Views
Post# 33386970

RE:RE:RE:RE:RE:Based on oil prices at US $70 WTI...

RE:RE:RE:RE:RE:Based on oil prices at US $70 WTI...Paul has stated mulitple times that Dividends are a ways off. First priority is debt, second is get Sparky up and running, then dividend. I woulf expect a dividend sometime in 2022 unless we see $80 WTI consistently first.
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