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

Add To Watchlist

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > WHAT ARE DIVIDENDS.? WHAT STOCK PRICE DO YOU START TO PAY.?

View:

Post by ariesleaf on Jun 15, 2021 10:29am

WHAT ARE DIVIDENDS.? WHAT STOCK PRICE DO YOU START TO PAY.?

Dividends are a long ways off. Let SGY get on a strong financial footing. No sense starting dividends for a short time only to cut again.

248

Comment

Comment by Theconsortman on Jun 15, 2021 10:53am

I would think the priority would be backfilling the nearly 2000 bopd of Sparky production they sold off to Tamarack. That is a lot of drilling. So drilling and/or debt repayment.

206

Comment

Comment by Countrin2tive on Jun 15, 2021 12:35pm

Increased production and serviced debt will or all things being equal should cause an increased SP that exceeds any dividend paid over short term. I am happy to collect dividends at a higher SP resulting from SGY getting it's house in order.

196

Comment