Surge Energy Inc (TSE:SGY) has released an update.
Surge Energy Inc. has announced a forthcoming dividend payment of $0.04 per share for its shareholders, which will be distributed on April 15, 2024, for the production of March 2024. Eligible under the Income Tax Act (Canada), this dividend reflects Surge’s commitment to generating free cash flow and enhancing shareholder returns by focusing on high-quality, conventional oil reservoirs. Surge Energy stands as a prominent intermediate oil company with a clear operational strategy aimed at boosting oil recoveries through established technological methods.
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