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) > They was desperate for capital

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Comment by Baystboy07on Dec 11, 2021 9:55am

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Post# 34221512

RE:RE:RE:They was desperate for capital

With many people being down on their investment the best option is share buybacks...instituting a dividend now I think is nit tax efficient to many shareholders sitting on large capital losses...also getting the share count down means the dividend is more sustainable over a smaller share count..

they should additionally try and take the PE owners out via some sort of block trade...this will help on getting the overhang on the stock dealt with.

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