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) > IS SURGE ENERGY LOOKING TO BUY MORE ASSETS.?

<< Previous

Bullboard Posts

Next >>

Comment by downtozeroon Jan 13, 2022 5:35pm

281 Views

Post# 34314786

RE:RE:RE:IS SURGE ENERGY LOOKING TO BUY MORE ASSETS.?

Not 8%, not even 8.5%

On December 9, 2021 Surge closed a new 5-year, $130 million senior secured second lien Term Debt Facility with an annual coupon of 8.85%.

Card Interest rate (APR) MBNA True Line Gold 8.99%

National Bank Syncro Card 8.90%

My agenda is I want maximum dividends on my shares. I'm hoping Surge stops wasting 26.5M per year paying debt interest that could go to dividends if they pay off loans first first, before spending more.That's $.32 per share per year just servicing debt that could go into my pocket as dividends. That's before any FCF that could pay even more dividends.

<< Previous

Bullboard Posts

Next >>

The top TSX healthcare stocks under $1