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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) > Hope everyone is enjoying the dividend
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Comment by Khersonon May 10, 2022 12:41pm
505 Views
Post# 34670815

RE:Hope everyone is enjoying the dividend

RE:Hope everyone is enjoying the dividend
Baystboy07 wrote: Once again management has proven how reckless they are with the dividend announcement made....debt pay down and an NCIB should be a priority...not a dividend and blowing $40 million on land in a "competitive price environment" when will the Board of Directos step up its role and stabilize this company? 



I totally agree with the above opinion. 
Kherson

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