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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 pennydredfulon Feb 13, 2022 2:10pm
155 Views
Post# 34424547

RE:RE:RE:Some thoughts...

RE:RE:RE:Some thoughts...Under point  3   ,  the statement  you attribute  to  me  was  not made by me., however  it  is a valid point .  Only   so  many  shares  will  fit in  a  TFSA ((mine won't)  and  CRA  are known to  look for reasons to tax your  TFSA  if   you  trade  a lot , etc.  ( They   might say  : You  are running a business  or you are an  investment  professional  or  whatever else  they can find  they  that  "sticks  to  the  wall"  .) They  start  off  by  looking  at  accounts   they   have   high  worth  like  perhaps  $500000  and  up. I  would  say   buy  back  OK   ( no tax implication)  ,  very  moderate  quarterly div.  ,  and   rest   for re investment   to  increase  production  to use pools . My   opinion  will   have  no  effect   as   Mr.   Colborne   has laid   down  his  plan 
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