Announcement • Jun 04
Surge Energy Inc. Raises Production Guidance for the Full Year 2026 Surge Energy Inc. Raises production guidance for the full year 2026. For the year, the company now expects average production of 23,375 boepd (89% liquids) compared to 23,000 boepd (88% liquids). Recent Insider Transactions • Jun 03
Insider recently sold €97k worth of stock On the 2nd of June, Margaret Elekes sold around 15k shares on-market at roughly €6.49 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.7m. Insiders have been net sellers, collectively disposing of €4.3m more than they bought in the last 12 months. Declared Dividend • May 21
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 29th May 2026 Payment date: 15th June 2026 Dividend yield will be 5.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 6x earnings). However, it is covered by cash flows (56% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 674% to bring the payout ratio under control. EPS is expected to grow by 259% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Recent Insider Transactions • May 20
Insider recently sold €314k worth of stock On the 15th of May, Margaret Elekes sold around 50k shares on-market at roughly €6.28 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.7m. Insiders have been net sellers, collectively disposing of €4.1m more than they bought in the last 12 months. Announcement • May 18
Surge Energy Inc. to Report Q2, 2026 Results on Jul 29, 2026 Surge Energy Inc. announced that they will report Q2, 2026 results on Jul 29, 2026 Announcement • May 16
Surge Energy Inc. Confirms June 2026 Cash Dividend, Payable on June 15, 2026 Surge Energy Inc. confirmed that a cash dividend to be paid on June 15, 2026, in respect of May 2026 production, for the shareholders of record on May 31, 2026, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Announcement • May 06
Surge Energy Inc. to Report Q1, 2026 Results on May 06, 2026 Surge Energy Inc. announced that they will report Q1, 2026 results on May 06, 2026 Announcement • Apr 17
Surge Energy Inc. Confirms May 2026 Cash Dividend, Payable on May 15, 2026 Surge Energy Inc. confirmed that a cash dividend to be paid on May 15, 2026, in respect of April 2026 production, for the shareholders of record on April 30, 2026, will be $0.043333 per share. Announcement • Mar 16
Surge Energy Inc. Confirms April 2026 Dividend, Payable on April 15, 2026 Surge Energy Inc. confirmed that a cash dividend to be paid on April 15, 2026, in respect of March 2026 production, for the shareholders of record on March 31, 2026, will be $0.043333 per share. Announcement • Mar 10
Surge Energy Inc., Annual General Meeting, May 13, 2026 Surge Energy Inc., Annual General Meeting, May 13, 2026. Announcement • Feb 17
Surge Energy Inc. Announces Cash Dividend March 2026, Payable on March 16, 2026 Surge Energy Inc. announced that a cash dividend to be paid on March 16, 2026, in respect of February 2026 production, for the shareholders of record on February 28, 2026, will be $0.043333 per share. Announcement • Jan 15
Surge Energy Inc. Confirms January 2026 Dividend, Payable on February 16, 2026 Surge Energy Inc. confirmed that a cash dividend to be paid on February 16, 2026, in respect of January 2026 production, for the shareholders of record on January 31, 2026, will be $0.043333 per share. Announcement • Nov 17
Surge Energy Inc. Confirms December 2025 Dividend, Payable on December 15, 2025 Surge Energy Inc. confirmed that a cash dividend to be paid on December 15, 2025, in respect of November 2025 production, for the shareholders of record on November 30, 2025, will be $0.043333 per share. Announcement • Oct 15
Surge Energy Inc. Confirms November 2025 Dividend, Payable on November 17, 2025 Surge Energy Inc. confirmed that a cash dividend to be paid on November 17, 2025, in respect of October 2025 production, for the shareholders of record on October 30, 2025, will be $0.043333 per share. Announcement • Sep 16
Surge Energy Inc. Confirms October 2025 Dividend, Payable on October 15, 2025 Surge Energy Inc. confirms that a cash dividend to be paid on October 15, 2025, in respect of September 2025 production, for the shareholders of record on September 30, 2025, will be $0.043333 per share. Announcement • Aug 15
Surge Energy Inc. Confirms September 2025 Dividend, Payable on September 15, 2025 Surge Energy Inc. confirmed that a cash dividend to be paid on September 15, 2025, in respect of August 2025 production, for the shareholders of record on August 31, 2025, will be $0.043333 per share. Announcement • Jul 31
Surge Energy Inc. to Report Q3, 2025 Results on Nov 05, 2025 Surge Energy Inc. announced that they will report Q3, 2025 results on Nov 05, 2025 Announcement • Jul 16
Surge Energy Inc. Announces Cash Dividend in Respect of July 2025, Payable on August 15, 2025 Surge Energy Inc. confirmed that a cash dividend to be paid on August 15, 2025, in respect of July 2025 production, for the shareholders of record on July 31, 2025, will be $0.043333 per share. Announcement • Jun 18
Surge Energy Inc. to Report Q2, 2025 Results on Jul 28, 2025 Surge Energy Inc. announced that they will report Q2, 2025 results on Jul 28, 2025 Announcement • May 16
Surge Energy Inc. Confirms June 2025 Dividend, Payable on June 16, 2025 Surge Energy Inc. confirmed that a cash dividend to be paid on June 16, 2025, in respect of May 2025 production, for the shareholders of record on May 31, 2025, will be $0.043333 per share. Announcement • May 09
Surge Energy Inc. Provides Production Guidance for the Year 2025 Surge Energy Inc. provided production guidance for the year 2025. The company expects average 2025 production of 22,500 boepd (89% liquids). Announcement • Apr 15
Surge Energy Inc. Confirms May 2025 Dividend, Payable on May 15, 2025 Surge Energy Inc. confirms that a cash dividend to be paid on May 15, 2025, in respect of April 2025 production, for the shareholders of record on April 30, 2025, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Announcement • Mar 25
Surge Energy Inc. to Report Q1, 2025 Results on May 07, 2025 Surge Energy Inc. announced that they will report Q1, 2025 results on May 07, 2025 Announcement • Mar 17
Surge Energy Inc. Announces April 2025 Dividend, Payable on April 15, 2025 Surge Energy Inc. confirmed that a cash dividend to be paid on April 15, 2025, in respect of March 2025 production, for the shareholders of record on March 31, 2025, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Announcement • Mar 10
Surge Energy Inc., Annual General Meeting, May 14, 2025 Surge Energy Inc., Annual General Meeting, May 14, 2025. Announcement • Mar 06
Surge Energy Inc. Provides Production Guidance for the Full Year 2025 Surge Energy Inc. provided production guidance for the full year 2025. Estimated 2025 average production of 22,500 boepd (91% liquids). Announcement • Feb 18
Surge Energy Inc. Confirms Cash Dividend for February 2025, Payable March 17, 2025 Surge Energy Inc. confirmed that a cash dividend to be paid on March 17, 2025, in respect of February 2025 production, for the shareholders of record on February 28, 2025, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Announcement • Jan 15
Surge Energy Inc. Confirms February 2025 Dividend, Payable on February 18, 2025 Surge Energy Inc. confirmed that a cash dividend to be paid on February 18, 2025, in respect of January 2024 production, for the shareholders of record on January 31, 2025, will be $0.043333 per share. Announcement • Dec 25
Surge Energy Inc. to Report Fiscal Year 2024 Results on Mar 05, 2025 Surge Energy Inc. announced that they will report fiscal year 2024 results on Mar 05, 2025 Announcement • Dec 20
Surge Energy Inc. Revises Production Guidance for the Year 2025 Surge Energy Inc. revised production guidance for the year 2025. For the year, the company now revised estimated 2025 average production of 22,500 boepd (91% liquids) against previously announced production guidance of 23,750 boepd (87% liquids). Announcement • Dec 16
Surge Energy Inc. Confirms January 2025 Dividend, Payable on January 15, 2025 Surge Energy Inc. confirms that a cash dividend to be paid on January 15, 2025, in respect of December 2024 production, for the shareholders of record on December 31, 2024, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Announcement • Nov 15
Surge Energy Inc. Confirms December 2024 Dividend, Payable on December 16, 2024 Surge Energy Inc. confirmed that a cash dividend to be paid on December 16, 2024, in respect of October 2024 production, for the shareholders of record on November 30, 2024, will be $0.043333 per share. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: CA$0.17 (vs CA$0.17 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.17 (up from CA$0.17 in 3Q 2023). Revenue: CA$143.8m (down 6.0% from 3Q 2023). Net income: CA$17.3m (up 4.1% from 3Q 2023). Profit margin: 12% (up from 11% in 3Q 2023). Revenue is forecast to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Declared Dividend • Oct 21
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 9.1%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (52% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Oct 15
Surge Energy Inc. Confirms Dividend November 2024, Payable on November 15, 2024 Surge Energy Inc. confirmed that a cash dividend to be paid on November 15, 2024, in respect of October 2024 production, for the shareholders of record on October 31, 2024, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Declared Dividend • Sep 19
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 8.9%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (52% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Sep 16
Surge Energy Inc. Confirms October 2024 Dividend, Payable on October 15, 2024 Surge Energy Inc. confirmed that a cash dividend to be paid on October 15, 2024, in respect of September 2024 production, for the shareholders of record on September 30, 2024, will be $0.043333 per share. New Risk • Aug 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.0% average weekly change). Declared Dividend • Aug 19
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 30th August 2024 Payment date: 16th September 2024 Dividend yield will be 8.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (51% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Aug 15
Surge Energy Inc. Confirms September 2024 Dividend, Payable on September 16, 2024 Surge Energy Inc. confirmed that a cash dividend to be paid on September 16, 2024, in respect of August 2024 production, for the shareholders of record on August 31, 2024 will be $0.043333 per share. Announcement • Aug 04
Surge Energy Inc. to Report Q3, 2024 Results on Nov 06, 2024 Surge Energy Inc. announced that they will report Q3, 2024 results on Nov 06, 2024 Reported Earnings • Jul 31
Second quarter 2024 earnings released: CA$0.64 loss per share (vs CA$0.14 profit in 2Q 2023) Second quarter 2024 results: CA$0.64 loss per share (down from CA$0.14 profit in 2Q 2023). Revenue: CA$154.4m (up 18% from 2Q 2023). Net loss: CA$64.7m (down CA$78.7m from profit in 2Q 2023). Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 36%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 221 percentage points per year, which is a significant difference in performance. Declared Dividend • Jul 22
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st July 2024 Payment date: 15th August 2024 Dividend yield will be 7.2%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (52% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Jul 15
Surge Energy Inc. Confirms August 2024 Dividend, Payable on August 15, 2024 Surge Energy Inc. confirmed 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% increase in the Company's dividend, from $0.48 per share per year ($0.040 per share per month) to $0.52 per share per year ($0.043 per share per month). On an annualized basis, the increased dividend of $52 million represents less than 18% of the Company's 2024 cash flow from operating activities guidance of $290 million at US$75 WTI per barrel. Declared Dividend • Jun 24
Dividend of CA$0.04 announced Shareholders will receive a dividend of CA$0.04. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 7.6%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (52% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Jun 18
Surge Energy Inc. Confirms July 2024 Dividend, Payable on July 15, 2024 Surge Energy Inc. confirmed 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 (Canada). New Risk • Jun 05
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €88k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 43% per year for the foreseeable future. Minor Risks Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Significant insider selling over the past 3 months (€88k sold). Announcement • May 30
An undisclosed buyer acquired Non-core assets at at Shaunavon and Westerose of Surge Energy Inc for CAD 37.4 million. An undisclosed buyer acquired Non-core assets at at Shaunavon and Westerose of Surge Energy Inc for CAD 37.4 million on May 29, 2024. The consideration consists of CAD 37.40 million in cash. Surge has approximately $40 million of debt drawn on the Company’s recently re-confirmed $210 million first lien credit facility.An undisclosed buyer completed the acquisition of Non-core assets at at Shaunavon and Westerose of Surge Energy Inc. on May 29, 2024. Declared Dividend • May 19
Dividend of CA$0.04 announced Shareholders will receive a dividend of CA$0.04. Ex-date: 31st May 2024 Payment date: 17th June 2024 Dividend yield will be 7.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (52% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • May 16
Surge Energy Inc. Confirms June 2024 Dividend, Payable on June 17, 2024 Surge Energy Inc. confirmed 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 (Canada). Announcement • May 10
Surge Energy Inc. (TSX:SGY) completed the acquisition of 50% stake in 6-8 gas plant in the Betty Lake area for CAD 3.7 million. Surge Energy Inc. (TSX:SGY) acquired 50% stake in 6-8 gas plant in the Betty Lake area for CAD 3.7 million in April 2024.
Surge Energy Inc. (TSX:SGY) completed the acquisition of 50% stake in 6-8 gas plant in the Betty Lake area in April 2024. Reported Earnings • May 09
First quarter 2024 earnings released: CA$0.04 loss per share (vs CA$0.15 profit in 1Q 2023) First quarter 2024 results: CA$0.04 loss per share (down from CA$0.15 profit in 1Q 2023). Revenue: CA$115.6m (down 15% from 1Q 2023). Net loss: CA$3.63m (down 125% from profit in 1Q 2023). Revenue is forecast to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 146% per year, which means it is well ahead of earnings. New Risk • Apr 16
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €104k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 34% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (301% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Significant insider selling over the past 3 months (€104k sold). Announcement • Apr 16
Surge Energy Inc. Confirms May 2024 Dividend, Payable on May 15, 2024 Surge Energy Inc. confirmed 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 (Canada). Announcement • Apr 11
Surge Energy Inc. to Report Q1, 2024 Results on May 08, 2024 Surge Energy Inc. announced that they will report Q1, 2024 results on May 08, 2024 Declared Dividend • Mar 25
Dividend of CA$0.04 announced Shareholders will receive a dividend of CA$0.04. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 6.9%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (301% earnings payout ratio). However, it is covered by cash flows (57% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 235% to bring the payout ratio under control. However, EPS is expected to decline by 66% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Mar 15
Surge Energy Inc. Confirms April 2024 Dividend, Payable on April 15, 2024 Surge Energy Inc. confirmed 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. New Risk • Mar 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 73% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 41% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: CA$0.16 (vs CA$2.74 in FY 2022) Full year 2023 results: EPS: CA$0.16 (down from CA$2.74 in FY 2022). Revenue: CA$560.7m (down 7.6% from FY 2022). Net income: CA$15.8m (down 93% from FY 2022). Profit margin: 2.8% (down from 38% in FY 2022). Revenue is forecast to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 113% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 21
Surge Energy Inc., Annual General Meeting, May 14, 2024 Surge Energy Inc., Annual General Meeting, May 14, 2024. Upcoming Dividend • Feb 21
Upcoming dividend of CA$0.04 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 7.1%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (3.3%). Declared Dividend • Feb 19
Dividend of CA$0.04 announced Shareholders will receive a dividend of CA$0.04. Ex-date: 28th February 2024 Payment date: 15th March 2024 Dividend yield will be 7.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 86% over the next 3 years. Since a fall of 67% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • Feb 15
Surge Energy Inc. Confirms March 2024 Dividend, Payable on March 15, 2024 Surge Energy Inc. confirmed 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. Announcement • Jan 27
Surge Energy Inc. to Report Fiscal Year 2023 Results on Mar 06, 2024 Surge Energy Inc. announced that they will report fiscal year 2023 results on Mar 06, 2024 Upcoming Dividend • Jan 23
Upcoming dividend of CA$0.04 per share at 7.6% yield Eligible shareholders must have bought the stock before 30 January 2024. Payment date: 15 February 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 7.6%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.2%). Announcement • Jan 15
Surge Energy Inc. Confirms February 2024 Dividend, Payable on February 15, 2024 Surge Energy Inc. confirmed 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. Announcement • Dec 15
Surge Energy Inc. Confirms Confirms January 2024 Dividend, Payable on January 15, 2024 Surge Energy Inc. confirmed that a cash dividend to be paid on January 15, 2024, in respect of December 2023 production, for the shareholders of record on December 31, 2023, will be $0.04 per share. Upcoming Dividend • Nov 24
Upcoming dividend of CA$0.04 per share at 6.0% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.8%). Announcement • Nov 17
Surge Energy Inc. Confirms Cash Dividend in Respect of November 2023, Payable on December 15, 2023 Surge Energy Inc. confirmed that a cash dividend to be paid on December 15, 2023, in respect of November 2023 production, for the shareholders of record on November 30, 2023, will be $0.04 per share. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: CA$0.17 (vs CA$0.93 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.17 (down from CA$0.93 in 3Q 2022). Revenue: CA$142.9m (down 3.0% from 3Q 2022). Net income: CA$16.6m (down 79% from 3Q 2022). Profit margin: 12% (down from 53% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 03
Surge Energy Inc. Provides Production Guidance for the Year 2023 Surge Energy Inc. provided production guidance for the year 2023. The company remains on track to meet the Company's 2023 production exit rate target of 25,000 boe per day. Announcement • Oct 31
Surge Energy Inc. to Report Q3, 2023 Results on Nov 02, 2023 Surge Energy Inc. announced that they will report Q3, 2023 results on Nov 02, 2023 Upcoming Dividend • Oct 23
Upcoming dividend of CA$0.04 per share at 5.2% yield Eligible shareholders must have bought the stock before 30 October 2023. Payment date: 15 November 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.6%). Announcement • Oct 17
Surge Energy Inc. Confirms November 2023 Dividend, Payable on November 15, 2023 Surge Energy Inc. confirmed that a cash dividend to be paid on November 15, 2023, in respect of October 2023 production, for the shareholders of record on October 31, 2023, will be $0.04 per share. Announcement • Sep 30
Surge Energy Inc. announced that it expects to receive $6.3 million in funding Surge Energy Inc. announced a private placement to issue convertible debentures at a price of $1,000 per debenture for the principal amount of $6.3 million on September 28, 2023. The debentures are exercisable in whole or in part any time up to 30 days following closing of the offering and will be convertible at the holder’s option into fully paid and non-assessable freely tradeable shares at a conversion price of $13.25 per share. The Debentures will not be redeemable before December 31, 2026. On or after December 31, 2026 and prior to December 31, 2027, the Debentures may be redeemed in whole or in part from time to time at the option of the Company at par plus accrued and unpaid interest, if any, to but excluding the date of redemption, provided that the volume weighted average trading price of the shares on the TSX for the 20 consecutive trading days ending five trading days preceding the date on which notice of redemption is given is not less than 125% of the Conversion Price. On or after December 31, 2027, the debentures may be redeemed at the option of the company at any time at par plus accrued and unpaid interest, if any, to but excluding the date of redemption. The transaction is expected to close on or about October 19, 2023. Recent Insider Transactions • Sep 24
Insider recently sold €199k worth of stock On the 18th of September, Margaret Elekes sold around 30k shares on-market at roughly €6.62 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €348k more than they bought in the last 12 months. Announcement • Sep 16
Surge Energy Inc. Announces Cash Dividend in Respect of September 2023 Production, Payable on October 16, 2023 Surge Energy Inc. announced that a cash dividend to be paid on October 16, 2023, in respect of September 2023 production, for the shareholders of record on September 30, 2023, will be $0.04 per share. Upcoming Dividend • Aug 23
Upcoming dividend of CA$0.04 per share at 5.9% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.5%). Announcement • Aug 17
Surge Energy Inc. Announces Cash Dividend for August 2023, Payable on September 15, 2023 Surge Energy Inc. confirms that a cash dividend to be paid on September 15, 2023, in respect of August 2023 production, for the shareholders of record on August 31, 2023, will be $0.04 per share. Recent Insider Transactions • Aug 13
Insider recently sold €149k worth of stock On the 10th of August, Margaret Elekes sold around 25k shares on-market at roughly €5.96 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.4m more than they bought in the last 12 months. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: CA$0.14 (vs CA$0.86 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.14 (down from CA$0.86 in 2Q 2022). Revenue: CA$128.5m (down 27% from 2Q 2022). Net income: CA$14.1m (down 81% from 2Q 2022). Profit margin: 11% (down from 41% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.6% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. Announcement • Aug 01
Surge Energy Inc. to Report Q2, 2023 Results on Aug 02, 2023 Surge Energy Inc. announced that they will report Q2, 2023 results on Aug 02, 2023 Announcement • Jul 18
Surge Energy Inc. Announces Cash Dividend for July 2023, Payable August 15, 2023 Surge Energy Inc. confirms that a cash dividend to be paid on August 15, 2023, in respect of July 2023 production, for the shareholders of record on July 31, 2023, will be $0.04 per share. Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.04 per share at 6.6% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 17 July 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%). Announcement • Jun 16
Surge Energy Inc. Announces Dividend for July 2023, Payable on July 17, 2023 Surge Energy Inc. confirmed a cash dividend to be paid on July 17, 2023, in respect of June 2023 production, for the shareholders of record on June 30, 2023 will be $0.04 per share. Upcoming Dividend • May 23
Upcoming dividend of CA$0.04 per share at 6.2% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%). Announcement • May 16
Surge Energy Inc. Confirms June 2023 Dividend, Payable on June 15, 2023 Surge Energy Inc.confirmed that a cash dividend to be paid on June 15, 2023, in respect of May 2023 production, for the shareholders of record on May 31, 2023 will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Reported Earnings • May 07
First quarter 2023 earnings released: EPS: CA$0.15 (vs CA$0.26 loss in 1Q 2022) First quarter 2023 results: EPS: CA$0.15 (up from CA$0.26 loss in 1Q 2022). Revenue: CA$137.1m (down 3.8% from 1Q 2022). Net income: CA$14.8m (up CA$36.7m from 1Q 2022). Profit margin: 11% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Revenue is expected to decline by 4.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.9%. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.04 per share at 5.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 17 April 2023. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.4%). Reported Earnings • Mar 09
Full year 2022 earnings released: EPS: CA$2.74 (vs CA$7.42 in FY 2021) Full year 2022 results: EPS: CA$2.74 (down from CA$7.42 in FY 2021). Revenue: CA$536.7m (up 51% from FY 2021). Net income: CA$231.7m (down 43% from FY 2021). Profit margin: 43% (down from 114% in FY 2021). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 73% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 20
Upcoming dividend of CA$0.04 per share at 5.5% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 6.8% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.4%). Announcement • Feb 16
Surge Energy Inc. Confirms March 2023 Dividend, to Be Paid on March 15, 2023 Surge Energy Inc. confirms that a cash dividend to be paid on March 15, 2023, in respect of February 2023 production, for the shareholders of record on February 28, 2023 will be $0.04 per share. Announcement • Jan 17
Surge Energy Inc. Increases February 2023 Dividend, Payable on February 15, 2023 Surge Energy Inc. confirmed that a cash dividend to be paid on February 15, 2023, in respect of January 2023 production, for the shareholders of record on January 31, 2023 will be $0.04 per share. The $0.04 per share dividend represents a 14% increase in the company's dividend, from $0.42 per share per year ($0.035 per share per month) to $0.48 per share per year ($0.04 per share per month). The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Announcement • Dec 20
Surge Energy Inc. Provides Dividend Guidance, Payable on February 15, 2023 Surge Energy Inc. anticipated increasing the Company's annual base cash dividend by 14%, from $0.42 per share to $0.48 per share ($0.04 per share per month), payable on February 15, 2023. This upwardly revised base dividend is consistent with Phase 1 of the Company's return of capital framework. Any dividend increase will be subject to the approval of Surge's Board of Directors with consideration given to the business environment at the time. Announcement • Dec 16
Surge Energy Inc. Confirms January 2023 Dividend, Payable on January 16, 2023 Surge Energy Inc. confirmed that a cash dividend to be paid on January 16, 2023, in respect of December 2022 production, for the shareholders of record on December 31, 2022 will be $0.035 per share. Announcement • Nov 23
Surge Energy Inc. has completed a Follow-on Equity Offering in the amount of CAD 70.004 million. Surge Energy Inc. has completed a Follow-on Equity Offering in the amount of CAD 70.004 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 7,568,000
Price\Range: CAD 9.25
Discount Per Security: CAD 0.4625
Transaction Features: Rule 144A 
