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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 Momo25on Dec 05, 2024 3:18pm
167 Views
Post# 36347841

RE:RE:RE:RE:Smart management

RE:RE:RE:RE:Smart management Increasing dividend will jeopardize the payment of the debt (still at 175 M). The whole problem of this company is its debt that looks heavy in the context of depressing oil price. Management executives have a window to accelerate the share buyback, they can do it 2 ways or maybe 3: reducing dividend payment, reducing debt payment, reducing moderately both debt and dividend to buyback more shares. Unless they think the SP is set to go further down......
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