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.

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Surge Energy Inc (Alberta) > WHEN ARE WE GETTING AN NCIB OR A SIB

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Comment by Khersonon Jul 14, 2022 7:58am

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Post# 34823361

RE:WHEN ARE WE GETTING AN NCIB OR A SIB

Baystboy07 wrote: We know you IR group reads these board...stop touting your shi$$y dividend and PAYDOWN debt and give is a NCIB or SIB!!!

I have been saying for a very long time that Surge should not be paying any dividend until their debt is eliminated. It is now only too clear that the oil price rally is over. Personally I think that WTI will drop to around $75 a barrel!
Kherson

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