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) > YOU CAN FORGET ABOUT SHARE BUY BACKS

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Comment by morrisminimanon Jan 04, 2022 1:52pm

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Post# 34282399

RE:RE:YOU CAN FORGET ABOUT SHARE BUY BACKS

Keyplan wrote: I agree, after they accelerate debt repayment and start a dividend the share price will be to high to make buybacks a good idea! Only 81mil shares anyway

Yes agree. A share buyback does not make sense for SGY. Especially since we already had the big share consolidation. A consolidation, combined with an increased share price through performance - earnings, and potential dividends do the same thing as a share buyback.

...and I guess we are still a $0.57 stock in terms of pre consolidation price. Once we get a double or triple from here, some of us can start feeling better.

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