Surge Energy Inc (Alberta) T.SGY

Hope everyone is enjoying the dividend

[Baystboy07]

Once again management has proven how reckless they are with the dividend announcement made....debt pay down and an NCIB should be a priority...not a dividend and blowing $40 million on land in a "competitive price environment" when will the Board of Directos step up its role and stabilize this company?

[Kherson]

I totally agree with the above opinion.  Kherson

[GABY51]

Le  dividende  de  0.1 cents  aurait   lieu  qu"  en  juillet

[zack50]

Translation: The 0.1 cent dividend would only take place in July Gaby, the proposed dividend is for $0.035 per month or $0.42 per year.

[zack50]

Curious as to where you found this information... would you mind directing me to the specifics?

[Baystboy07]

Paraphrasing the press release... "In addition to these excellent drilling results, Surge was also successful at a recent, highly competitive, Saskatchewan Crown land sale at Steelman.” Highly competitive to me means expense because there are a lot of bidder..apologies if you think I mislead.... Read the $BIR press release for the quarter reported today and see what a good management

[zack50]

I questioned your post because I could not locate your quote "competitive price environment" vs. the actual wording "highly competitive" used in the presss release. And of course, your phrase, "blowing $40 million on land" had me and seemingly some others, confused as to where you got your price tag. "Highly competitive", to me means that there are plenty

[Baystboy07]

the only thing that has saved these guess is $100...my hope is they get taken out because they are cheap...if you guys can't see that the only reason we have a dividend is because it gives the CEO $400k a year in cash flow you are dumber than you post.

[Tradestay]

I am thinking they spend $9M as per the press release, where did this $40M coming from am missing something?

[Herfa1]

Go to Surge energy site. Look at the financial statement in the section plant and equipment. There is an acquisition of 42m in this trimester.

[Tradestay]

$42,968 is this not their total expenditure including Q1 drilling of new wells to keep production flat ?

[zack50]

The $42MM that you refer to is for "Net Capital Expenditures"... If you delve further you would see the following: During the first quarter of 2022, Surge invested a total of ~$43 million, excluding acquisitions and dispositions. This investment was broken down as follows: * $29.7 million to drill and complete 14 gross (14.0 net) wells in Southeast Alberta ("Sparky") and 9