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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

Post by zack50on Mar 19, 2022 6:08pm
556 Views
Post# 34528826

Current price @ $8.47

Current price @ $8.47For those of you who follow Shubham Garg at White Tundra Investments, here are his price targets which calculate fair share prices 12 months out at different levels of WTI/AECO pricing scenarios. The PTs are based on an 8x FCF model.

Calculations were done based on the following figures, as of March 13th...

WTI... $95.72 USD/bbl
WCS... $82.72 USD/bbl
AECO... $4.51 CAD/GJ
TTF... $41.50 CADmmBTU

2022 FCF/EV... Yield at Strip... Actual % = 24.9
2022 FCF/EV... Yield at Strip... Unhedged = 32.5

WTI/AECO @ $70/$3.50 --- TP @ $9.69
WTI/AECO @ $80/$4.00 --- TP @ $14.59
WTI/AECO @ $90/$4.25 --- TP @ $19.32

WTI/AECO @ $100/$4.50 --- TP @ $24.05
WTI/AECO @ $110/$4.75 --- TP @ $28.77
WTI/AECO @ $120/$5.00 --- TP @ $33.50

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