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 Maxmoeon Jul 13, 2021 1:56am

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Post# 33534520

RE:RE:RE:RE:RE:RE:WELL

Makes sense to me. I'd rather see a divy and buybacks if they pay down debt and the stock stays under $2. Better than paying up for buying assets because prices are going to be a lot higher than they just paid a year from now after a year of $60 plus oil.

unc12345 wrote: If 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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From now on, dynaCERT instead of Bitcoin or NVIDIA?