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BRIEF-Surge Energy qtrly earnings per share $0.10

Published 2017-03-15, 05:58 p/m
© Reuters.  BRIEF-Surge Energy qtrly earnings per share $0.10
SGY
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March 15 (Reuters) - Surge Energy Inc SGY.TO

* Surge energy inc. Announces q4 and year end 2016 results; exceeds 2016 production exit rate target; cash flow per share up 43 percent; confirms march 2017 dividend

* Surge energy inc- now anticipates delivering more than 18 percent production per share growth over period from q2 of 2016, to end of 2017

* Surge energy inc qtrly earnings per share $0.10

* Qtrly adjusted funds from operations $0.10 per share

* Surge energy inc - company re-affirms its 2017 guidance

* Surge energy inc - management retains the flexibility to potentially increase surge's 2017 capital budget

* Surge energy inc - surge will continue to monitor commodity prices and its ability to drill and pay the dividend within cash flow during 2017 Source text for Eikon: ID:nCNWc5HdHa Further company coverage: SGY.TO

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