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) > Insider buying in August

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Comment by VeritasVernon Sep 06, 2024 12:58am

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Post# 36211151

RE:RE:RE:Insider buying in August

At the current price, the dividend yield is about the same as the bond yield but they would be reducing the shares outstanding. I'm not sure if this technically sets a floor price but then again oil prices seem to continue to decline even after bullish reports by the API and EIA today. Politics are driving oil prices not fundamentals it seems. The good news is in, the market ignored it, trading on Friday is likely another down day. Welcome to the new reality where politics controls markets not fundaments.

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