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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

Post by captwadeon Feb 25, 2022 12:26pm
368 Views
Post# 34461930

Gotta love Eric's charts.

Gotta love Eric's charts.Three weeks ago, during the Adelaide Capital presentation, Paul Colborne talked about introducing the expected dividend (likely next quarter) at a rate that would approach 8% (at today's price).  One might think then that Surge would be a natural buy for Eric's new energy income fund, especially looking at his latest chart.
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