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.

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Surge Energy Inc (Alberta) > Devon Energy shows how its done - Cdn oil and gas take note

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Post by Franman184on Feb 17, 2022 12:28pm

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Post# 34438483

Devon Energy shows how its done - Cdn oil and gas take note

Record FCF quarter from Devon Energy. They are usung 30 percent of the FCF to invest in the business and the rest is returned to shareholders in the form of dividends and share buy backs when the price is lower then it should be. DVN dividend is already 8 percent. Rinse and repeat please all Canadian oil and gas companies.

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