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Bullboard - Stock Discussion Forum 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... see more

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Insiders own nearly 20% of the shares
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Post by soundandfury on Mar 07, 2021 10:34am

Insiders own nearly 20% of the shares

Probably nobody would love a dividend more than those guys.
Comment by blackdog on Mar 07, 2021 11:59am
Yes, but you might be surprised at their priorities. That insiders are so heavily committed means that they are very cognisant of the ticking time-bomb of too much debt; particularly having lived through the past two years.  I am sure that, like all of us, they want to see a dividend again, but before moving on to that, they will want to make that ticking to stop.   Free cash flow is ...more  
Comment by Countrin2tive on Mar 07, 2021 12:10pm
Well presented Blackdog. I agree 100%. Paying down debt will result in increased share price. You just need to look at the events of the last couple of days to appreciate that. Also I would guess that the increase in share price will out-value any dividend SGY might be willing to pay right now, If they were willing to pay it.  I would prefer they put cash in the bank and get the company out ...more  
Surge Energy Inc (Alberta)
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