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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

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

Comment by Chris007on Dec 14, 2021 6:16pm
233 Views
Post# 34230805

RE:Regardless of stock price

RE:Regardless of stock priceIf that were the case, the target D/CF ratios they provided in their guidance would pretty much go out window...

More likely they focus on deleveraging in 2022. I'd be surprised if a dividend was implemented at all for next year.

soundandfury wrote: Paul will need to pay the maximum dividend possible..........some companies have pledged 50% of free cash flow .......sgy historically paid less than 20% ........if sgy really does make $160 million free cash in 2022.........then they could probably afford $80 million annual divi $1.00 / share annual dividend...........


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