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) > Nuttall January 28th

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Comment by downtozeroon Jan 21, 2022 4:58pm

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Post# 34344835

RE:RE:RE:Nuttall January 28th

For companies that were low leverage, getting free cash flow and were highly undervalued, Nuttall was pushing for share buybacks. A lot of those companies are now double or tripple 2019 levels, so now Nuttall is pushing dividends. Surge share price is still significantly below 2019 levels so buybacks may make sense one SGY pays off their debt enough tfirst. If Surge does jump significantly above 2019 levels before paying off debt, then dividends make sense.

Trying to make share buybacks improve share value is risky if dealer Paul decided to make more deals.I'd rather have dividends to enusre I really get some money in my pocket.

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