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2023-08-15 09:23:22 ET Surge Energy ( TSX: SGY:CA ) declares CAD 0.04/share monthly dividend , in line with previous. Forward yield 5.26% Payable Sept. 15; for shareholders of record Aug. 31; ex-div Aug. 30. See SGY:CA Dividend Scorecard, Yield Chart, & D...
2023-05-13 11:45:00 ET Summary Surge Energy recently closed a C$202M acquisition which boosted its production rate by about 20%. The company was free cash flow positive in Q1 but has been 'overspending' on its dividend based on its own capital allocation framework. I own the 6...
2023-04-02 10:08:27 ET Summary Forty-nine small-cap energy producers are ranked on relative quality using a matrix with factors including, valuation, profitability, FCF, and debt. The quality matrix is a broad effort to identify those small-cap producers that are likely to be amon...
2023-03-09 03:23:43 ET Surge Energy press release ( OTCPK:ZPTAF ): Q4 GAAP EPS of $1.15. Revenue of $165.81M (+15.6% Y/Y) beats by $45.97M . For further details see: Surge Energy GAAP EPS of $1.15, revenue of $165.81M beats by $45.97M
Summary Surge is currently yielding out at 5%, but is it enough? Surge jumped at the opportunity to buy Enerplus's Canadian assets for $245 million, setting the net debt target back. Surge needs to lay out a new plan, and quickly, to keep shareholders happy. Surge Energy (...
Summary The energy sector has been the leading sector, and perhaps the only sector working for over a year. There is no greater source of free cashflow. Oil and gas companies are paying down debt, buying back shares and rewarding shareholders with generous dividends with accel...
Summary Surge Energy reported strong cash flow results despite a realized loss on the hedge book. The company repaid one of the debentures early, the 6.75% 2024 convertible debenture remains outstanding. The net debt is decreasing fast, and once it drops below C$200M, the allo...
Surge Energy is a Canadian oil and gas producer with an output of 21,000 barrels of oil equivalent per day. The Q2 performance was overshadowed by hedging losses. Despite that, Surge remained firmly free cash flow positive. At US$105 WTI and C$7 AECO natural gas, Surge Energy is t...
Surge Energy (OTCPK:ZPTAF) declares CAD 0.035/share monthly dividend, in line with previous. Forward yield 3.6% Payable July 15; for shareholders of record June 30; ex-div June 29. See ZPTAF Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Surge Energy de...
Debt needs to be repaid. The company issued a lot of shares for acquisitions and operating money. This indicates a level of financial stress in the past. The stock price is likely to respond to debt reduction more so than commodity prices in the current environment. Surviving ...
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CALGARY, Alberta, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce a public offering (the “Offering”) on a “bought deal” basis, of $42 million principal amount of convertible u...
The freshly triggered oil price war between Saudi Arabia and Russia has dragged global stock markets down at rates not seen since the 2008 financial crisis, with Canadian stocks hit hard. The breakdown in negotiations between Saudi Arabia, a member of the Organization of the Petroleum...
The S&P/TSX Composite Index (INDEXTSI: OSPTX ) ended last Friday (April 12) at 16,480.53, an increase of 81.06 points, or 0.49 percent. Gold steadied on Friday after US economic data released during the week brought it down below $1,300 per ounce. Silver ...