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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 Westcoastenergyon Dec 05, 2024 10:49am
131 Views
Post# 36347164

RE:RE:RE:Smart management

RE:RE:RE:Smart management SGY would tank 25-30% if they suspended the dividend.  I think their only hope for attracting future investors is to increase the dividend to the highest sustainable level to get noticed.  Otherwise, it will be a slow, continuous slide lower until the dividend nears 9-10% and investors, willing to take a risk,  take note. I'm out but I may be back in the new year once my 30 day period expires for taking the tax loss.
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