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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) > WELL
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Comment by unc12345on Jul 12, 2021 8:07pm
223 Views
Post# 33534020

RE:RE:RE:RE:RE:WELL

RE:RE:RE:RE:RE:WELLIf they pay down some debt, why would you be automatically out if they reinstate the dividend?  As I understood things, their stated goal was to pay a sustainable dividend.  Obviously they haven't been able to pull it off over the last year and a half, but this was the intention, correct me if I'm wrong?
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