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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) > Is this PR good?
View:
Post by Seelow7 on Dec 19, 2024 5:08pm

Is this PR good?

It seems good.  But why has this stock fallen off a cliff?  And why would they maintain such a huge divvy?
Comment by tvstock on Dec 19, 2024 6:09pm
Proceeds from the Transaction bring forward approximately 10 years of future undiscounted free cash flow that the Non-Core Assets would have generated.      That sounds good.  bring 10 years of undiscounted cashflow back in one shot , plus get rid of abandonment and reclamation obligations.   
Surge Energy Inc (Alberta)
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