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) > NCIB

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Comment by befreeon Jul 10, 2024 12:40pm

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Post# 36126532

RE:RE:RE:NCIB

me too
the divy rate is ok (inline with the share price ) with oil above 75 bucks the great one Paul says we are making a ton of cash lets get the interest PAID reduced then decrease the share count then increase the divy currently 6.9% and with a little decrease in BOC prime hopfully coming up
things could turn around rather quickly
befree
in the maritimes

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