Surge Energy Inc (Alberta) T.SGY

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

Energy Oil & Gas E&P

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.

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Surge Energy Inc (Alberta) > My thoughts on the deal

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Post by PreludeSHon Nov 02, 2022 10:51pm

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Post# 35068661

My thoughts on the deal

Overall...good acquisition:

1. $9.20 bought deal price is not that low considering SGY was at that price just 1.5 weeks ago.
2. Our stock was just moving with the industry. Hopefully this headline gets some much needed attention to the Surge story.
3. Did we overpay? Seems like a reasonable price if the Sparky is as prolific as Paul makes it to be.

Time will tell...I'm holding onto my shares.

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