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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 Tradestayon Nov 03, 2022 11:53am
326 Views
Post# 35069916

RE:RE:RE:What kind of S-bag rushes out to dillute the company at 10%

RE:RE:RE:What kind of S-bag rushes out to dillute the company at 10%
I hear what you are saying here, but this time oil price is set us structurally bullish. As well our share count is low compared to 2018. Old investors got hurt with the reverse split no doubt but now the share count is low compared to peers. 10% dilution but a 18% approximate increase in production in core area with accretive cash flow that can now go to existing debts to improve balance sheet at a quicker pace. Think about it if it was all bad people will not want an upsized deal its just more risk for a bought deal.
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