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Bullboard - Stock Discussion Forum 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, Greater Sawn and Shaunavon. The Sparky operation offers light/medium crude oil production... see more

Bullboard (TSX:SGY)

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Comment by Franman184on Apr 07, 2024 5:06pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:9points

Sorry - months not years. Surge’s top tier FCF yield takes into account its high netbacks (>$40/boe), low annual corporate production decline (25%), and quick well payouts (<10 months) at ...more  
Comment by Franman184on Apr 07, 2024 5:01pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:9points

Surge's disciplined operating strategy involves focusing growth and development capital to high netback, low cost, light and medium gravity crude oil reservoirs, that possess large original ...more  
Comment by lnggasfor202324on Apr 06, 2024 8:29pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:9points

I find that hard to beleive the wells pay off in a month.  The clkearwater doesn't even pay off that quick.  I don't think the trans mountain pipeline will help Surge much because ...more  
Comment by Franman184on Apr 05, 2024 5:25pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:9points

Eric also mentioned about drilling 100 barrel a day wells with out naming surge and saying he had better places to invest. But give surge credit in that those wells payout in about a month and are ...more  
Comment by ditchdigger251on Apr 05, 2024 3:28pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:9points

That will come I think at these higher oil prices.  Getting their debt target behind them this year will be great to see.
Comment by Baystboy07on Apr 05, 2024 3:18pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:9points

We would have been better off in a bigger company and with Paul not at the helm. 
Comment by ditchdigger251on Apr 05, 2024 1:28pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:9points

I see it that way too.  I've experienced heavy handed boardroom politics from a major investor so I can easily believe that bullying was attempted.  Good on mgmnt for standing up to an ...more  
Comment by Baystboy07on Apr 05, 2024 1:12pm

RE:RE:RE:RE:RE:RE:RE:RE:9points

It was very telling the Eric basically said $SGY is just not big enough to be relevant.  He said this on BNN. This make you wonder why he bought in the first place. My view is to see if he could ...more  
Comment by harvesteron Apr 05, 2024 12:08pm

RE:RE:RE:RE:RE:RE:RE:RE:9points

Makes sense. My bad then.
Comment by ditchdigger251on Apr 05, 2024 11:57am

RE:RE:RE:RE:RE:RE:RE:9points

My guess is they settled in usd.  That gives an avg sell price in the mid-6's.  It makes sense since Precision Drlng probably only sells in USD.  I know Nuttall insists on buybacks ...more  
Comment by Baystboy07on Apr 05, 2024 11:42am

RE:RE:RE:RE:RE:RE:RE:9points

Does not seem to be a link attached 
Comment by Baystboy07on Apr 05, 2024 11:01am

RE:RE:RE:RE:RE:9points

Public source link?
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