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)

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Post by CanadianOil2022on Sep 26, 2022 6:51pm

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Post# 34988010

50% Return to Shareholders Q1 SGY

50% FCF going to shareholders in Quarter one as their debt is below $200 million ... CEO Paul Colborne says increasingly Surge energy paid off $56,000,000 last quarter and now just paid off $44,500,000 debentures
Fantastic CASHFLOWS PER SHARE MASSIVE UPSIDE in Dividends and Buybacks yet Surge only has 82 million shares

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Rig Count Soars as Utilization Surpasses Industry Averages