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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

Surge Energy Inc. is a Canada-based oil focused exploration and production company. The Company’s business consists of the exploration, development and production of oil and gas from properties in western Canada. Its operations include Sparky and SE Saskatchewan. Its supporting assets include Valhalla, and Greater Sawn. The Sparky operation offers light/medium crude oil production with compelling returns. The SE Saskatchewan operation maintains asset base oil operating netbacks. It has low-cost wells with short payouts and the potential for continued area consolidation. The Valhalla operation offers a stacked pay multi-zone potential with light oil and provides a range of area infrastructure and access to multiple egress options supports attractive operating netbacks. Its Greater Swan operation consists of concentrated light oil assets with conventional slave point reefs.


TSX:SGY - Post by User

Comment by pppon Jan 15, 2022 4:42pm
329 Views
Post# 34320803

RE:RE:Heyy guys

RE:RE:Heyy guysSGY has serious free cash flow at 80 dollar oil, 155 mil .  100 dollar oil 255 mil. IMO oil will average 80 over the next year. Thiis means after they pay some debt down 50 55 mil they still have a 100 mil left. They guided 120 mil capex to keep production flat. We know declines are around 24% so around 5000 bbls need to be drilled to keep production flat. means they bring on production  at 24000 per flowing. This is good oil production not gas, big difference. Means these guys can add 4000 bbls production a year if they decided to. Plus pay down debt. Not to many other oil companies can do that. These guys fuced up no doubt, but they are flying now and are going pass most companies. Run some numbers on these other companies, valuations are getting lofty. Investors are going to look in the rear view mirror and see Surge coming up fast. 

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