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) > Paul Colborne on BNN

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Comment by zack50on Mar 13, 2022 1:30pm

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Post# 34510113

RE:RE:RE:RE:RE:Paul Colborne on BNN

GABY51 wrote: DVIDENDE DE 0.05 A 0.07 PAR MOIS ESCE RAISONNABLE

A dividend of $0.05 to $0.07 per month puts Surge at $50M to $70M per annum. From listening to PC's latest interview on BNN, it would appear that Surge is more in line with utilizing ~25% of FCF and having a 5-6% yield for it's proposed reinstated dividend around mid 2022. This would put the monthly dividend at around $0.05 per month which would be quite nice in my opinion.

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