RE:RE:RE:RE:RE:Dividend is backGABY51 wrote: RTABLIR ET PAYABLE PAS LA MEME CHOSE...A COMBIEN TU DIS 0.035 BY SHARE...
Gaby, I'm not sure how they can "resume", "restore" or "reinstitute" the dividend without "paying" the dividend. Obviously my French is not good enough for you, so I'll go back to English... this is my last attempt to help you... may I suggest you do your own due diligence from now on.
Btw, it's stated as their "intent to reinstitute a base dividend" because it's in the future! This from their May 5th news release...
INTENT TO REINSTITUTE BASE DIVIDEND ON JULY 15, 2022
With crude oil prices now in excess of US$100 WTI per barrel, which is significantly above the Company's US$85 WTI guidance price for crude oil in 2022, Surge is pleased to announce its intention to resume its base cash dividend distribution, payable on a monthly basis.
At current strip commodity prices for crude oil and natural gas, Management projects that Surge's net debt target range will be achieved during Q3/22. On this basis, the Company anticipates reinstating its base annual cash dividend expected to be $0.42 per share (3.5 cents per month), payable on July 15, 2022 to holders of the Company's common shares ("Common Shares") of record at the close of business on June 30, 2022. Any anticipated dividend payment will be subject to the approval of Surge's Board of Directors at the time of declaration.