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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 TickerStock101on Jan 17, 2022 6:40pm
122 Views
Post# 34326438

RE:RE:CEO is a gambler & needs to be controlled.

RE:RE:CEO is a gambler & needs to be controlled.

I disagree that he is a gambler. He's methodical and smart, he sees the long game. They have great assets now with Sparky and SE Sask. They do not need the others but he may keep some. They can increase production by end of the year with their current development budget and sell Greater Sawn and Valhalla. But I think they would just sell just Greater Sawn. Do you realize how much this one property is now worth at 85wti never mind if WTI goes to $100?? 

They can instantly pay off all debt, still pay shareholders a crazy amount of money and have money left over for even more drilling. 

People should be glad we bought Greater Sawn for 320 million when we did as we got FCF from it over the years and it's worth way more now even with the decline in production never mind when WTI hits 100 IMO.

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