Surge Energy Inc. confirms that a cash dividend to be paid on August 15, 2024, in respect of July 2024 production, for the shareholders of record on July 31, 2024 will be $0.043 per share. The $0.52 per share dividend represents an 8 percent increase in the Company's dividend, from $0.48 per share per year to $0.52 per share per year . On an annualized basis, the increased dividend of $52 million represents less than 18 [...]
Surge Energy Inc. confirms that a cash dividend to be paid on July 15, 2024, in respect of June 2024 production, for the shareholders of record on June 30, 2024, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's defined [...]
Surge Energy Inc. is pleased to announce that the Toronto Stock Exchange has accepted Surge's notice of intention to make a normal course issuer bid for its outstanding common shares in accordance with the rules and policies of the TSX. The NCIB is an integral component of the Company's return of capital framework for the distribution of excess free cash flow, providing direct returns to Surge shareholders. Surge's Board [...]
Surge Energy Inc. is pleased to announce a number of recent positive operational and financial developments, including: the sale of certain non-core assets, achievement of Management's Phase 2 net debt1 target, an anticipated increase to Surge's base dividend, the intention to institute a normal course issuer bid , and a large new Sparky crude oil discovery. In addition, Surge has scheduled a conference call and webcast [...]
Surge Energy Inc. confirms that a cash dividend to be paid on June 17, 2024, in respect of May 2024 production, for the shareholders of record on May 31, 2024, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's defined operating [...]
Surge Energy Inc. announces that at its annual meeting of shareholders held on May 14, 2024 the following nine director nominees were elected: Votes For Votes Withheld # % # % James Pasieka Marion Burnyeat 23,061,928 21,545,685 98.60% 92.12% 327,196 1,843,439 1.40% 7.88% Paul Colborne Daryl Gilbert Michelle Gramatke 22,748,346 23,057,913 22,965,971 97.26% 98.58% 98.19% 640,778 331,211 423,153 2.74% 1.42% 1.81% Robert [...]
Surge Energy Inc. is pleased to announce the Company's financial and operating results for the quarter ended March 31, 2024, an update on Surge's latest drilling results, an increase to Surge's first lien revolving credit facilities, and the release of the Company's 2023 sustainability report. Select financial and operating information is outlined below and should be read in conjunction with the Company's unaudited [...]
Surge Energy Inc. confirms that a cash dividend to be paid on May 15, 2024, in respect of April 2024 production, for the shareholders of record on April 30, 2024, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's defined [...]
Surge Energy Inc. confirms that a cash dividend to be paid on April 15, 2024, in respect of March 2024 production, for the shareholders of record on March 31, 2024, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's defined [...]
Surge Energy Inc. is pleased to announce its financial and operating results for the quarter and year ended December 31, 2023; and its year end 2023 reserves as independently evaluated by Sproule Associates Limited . Surge's disciplined operating strategy involves focusing growth and development capital to high netback, low cost, light and medium gravity crude oil reservoirs, that possess large original oil in place 1 and [...]
Surge Energy Inc. confirms that a cash dividend to be paid on March 15, 2024, in respect of February 2024 production, for the shareholders of record on February 29, 2024, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's defined [...]
Surge Energy Inc. confirms that a cash dividend to be paid on February 15, 2024, in respect of January 2024 production, for the shareholders of record on January 31, 2024, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's [...]
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