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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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) > Drill baby, drill
View:
Post by Kherson on Jun 24, 2021 10:59pm

Drill baby, drill

Once the Astra assets belong to Surge, I feel that they should apply all available cash to drilling on the Astra properties. Keep in mind that Paul clearly stated that Astra is a growth company and their decline rate is 38%. 
I would hazard a guess that Surge should drill enough wells on the Astra property to get that decline below 30%, then think about a dividend!
Kherson
Comment by leo101 on Jun 28, 2021 11:47am
kherson makes an excellent point.
Comment by jremple on Jun 28, 2021 11:50am
This post has been removed in accordance with Community Policy
Comment by Theconsortman on Jun 28, 2021 12:13pm
I agree. You don't think Astra was heavily soft shopped before Surge bit?
Comment by Kherson on Jun 28, 2021 8:18pm
Why is my post ridiculous? Kherson
Surge Energy Inc (Alberta)