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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

Comment by unc12345on Jun 23, 2022 10:50am
232 Views
Post# 34776973

RE:Everyone enjoying the dividend yet?

RE:Everyone enjoying the dividend yet?Question:  I agree that at these levels, buying back stock seems like a good use of capital, but where is the point where liquidity is an issue?  There are only 83M shares outstanding.  Please correct me if I'm wrong, but looking for insight.

I am one of the ones who have been in this stock forever, started to feel better, and now feel a little bit burned that I held on for higher prices.  But I couldn't press the sell button when I know dividend income is coming and I still think we have to go up.  It seems to me to be a major overreaction when prices are still >$100 so I'm still here.  Weaker hands selling to stronger ones?  I don't know anymore.

Signed, strong hand, but feeling like a weaker hand at the moment
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