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Bullboard - Stock Discussion Forum 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... see more

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Everyone enjoying the dividend yet?
View:
Post by Baystboy07 on Jun 23, 2022 9:52am

Everyone enjoying the dividend yet?

THIS IS WHY WE NEED a NCIB...TO ADD SOME STABILITY TO THIS STOCK!!!!
Comment by WanTBe1 on Jun 23, 2022 10:49am
Are you ready for the fall.?
Comment by unc12345 on Jun 23, 2022 10:50am
Question:  I agree that at these levels, buying back stock seems like a good use of capital, but where is the point where liquidity is an issue?  There are only 83M shares outstanding.  Please correct me if I'm wrong, but looking for insight. I am one of the ones who have been in this stock forever, started to feel better, and now feel a little bit burned that I held on for ...more  
Comment by Tradestay on Jun 23, 2022 10:59am
I hold on for higher prices but I have not been in that long, I got stocks at 30 cents before the reverse split. I hold one because of the share float, the low share float will value each individual stock higher as debt comes down and even possible special dividend. The key here to me is not to focus on the day to day share price movement but where the price of oil is and where is it going. The ...more  
Comment by Baystboy07 on Jun 23, 2022 11:20am
They should bring down debt and the share count...screw the dividend...today we are down 20 months of dividends alone...continued mismanagement...all Paul cares about is lining his pockets with a dividend.
Comment by Baystboy07 on Jun 23, 2022 11:22am
make that 24 months of dividends now.  
Comment by ppp on Jun 23, 2022 11:49am
I agree with you on the buyback, But CPG is not doing any better and they have NCIB in place.
Comment by WanTBe1 on Jun 23, 2022 12:06pm
Should stop this now. dividend dividend
Comment by Baystboy07 on Jun 23, 2022 3:32pm
Yes...CPG has been an over leveraged disaster for many years...also with the wildcat mentality there are no institutions holding this Stock.
Comment by barneyj44 on Jun 23, 2022 11:19pm
Batboy you don't seem to have your facts correct about Crescent Point. Retail hold 50% with funds and institutions holding the rest. Insiders only hold around 1%. Crescent Point Energy is not owned by hedge funds. The company's largest shareholder is Franklin Resources, Inc., with ownership of 5.4%. BlackRock, Inc. is the second largest shareholder owning 5.0% of common stock, and Connor ...more  
Comment by Baystboy07 on Jun 24, 2022 7:10am
my ref to "this stock" is to $SGY not $CPG...even with $CPG also being a dumpster it is still totaling higher that $SGY on a relative 5 year basis.  
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