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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) > Globe says Surge a takeover target by WCP
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Comment by brewster123on Oct 31, 2023 4:49pm
194 Views
Post# 35710001

RE:RE:RE:Globe says Surge a takeover target by WCP

RE:RE:RE:Globe says Surge a takeover target by WCPWhat should happen for the next 12-24 months:

1. Pay down debt
2. Share buy backs thorugh NCIB
3. Leave base dividend and pay some special dividends if targets for #1 and # 2 are met.

What will happen

Dividend will be increased next quarter
some debt paid back


Buyout?  If it happens in the next few months it won't be higher than $12-13.
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