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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 Khersonon Dec 10, 2022 7:21am
326 Views
Post# 35163596

RE:So…is the new acquisition negative accretion yet?

RE:So…is the new acquisition negative accretion yet?
Baystboy07 wrote: Starting to wonder if the Board will approve the dividend increase now that the acquisition is probably negative accretion to EPS. I hope they do not.

It seriously keeps pi$ing me off that the management team is one giant FU&KUP.

PAY DOWN YOUR FUC&ING DEBT...INSTITUTE A NCIB...STOP BUYING ASSETS TO RAISE THE DIVIDEND TO LINE YOUR POCKETS

ITS NOT THAT FUC&ING HARD YOU IDIOTS!!!!!


Pretty obvious that the proposed dividend increase is now off of the table. In fact, Paul's proposed dividend increase from his November 2nd NR was never a viable option when announced simply because Surge has way too much debt!
Kherson


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