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Surge Energy Inc (Alberta) T.SGY

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

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 fortunefavorsuson Feb 03, 2022 9:06am
75 Views
Post# 34392487

RE: PRE-CONSOLIDATED-$0.778

RE: PRE-CONSOLIDATED-$0.778 Its worse if you are trading on the U.S. OTC side with the rise in Canadian dollar.  Barely above .60 before the reverse split.  The first rebound in stock price was due to getting out from under creditors, bad hedges coming off, and completion of acquisitions .  Not rewarded at all for big pop in oil prices.and likely strong FCF for the year. As Colborne said they were doing 175 million FCF at oil prices around $85 but $130 million FCF at $75 oil would still be a great year.  This company also has improving well results and low risk and low cost drilling.  WTF is the market thinking? 
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