Summary - SGY Marketing PresentationPaul Colborne, CEO says that, "sometime in the near, mid to late Q3", SGY will be able to enter Phase 2 of their Return of Capital plan. At this point they will be looking into a NCIB share buyback as well as possibly some special dividends.
By January 2024 he says they are looking to enter Phase 3 where even more cash flow will be available for share buybacks and special dividends.
When talking about Surge's $1.5 billion of available tax pools, here is where I really like listening to Paul's business philosophy.
"So for over four years, we can keep the the cash away from Justin Trudeau and put it out to our shareholders tax effectively."
Can I vote for this guy? I guess by buying some SGY shares, you could say that I already have.