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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 Binkieon Mar 06, 2022 12:13pm
188 Views
Post# 34488030

RE:RE:Year end this week, expectations?

RE:RE:Year end this week, expectations? Thanks Zack50.  I think it is still significantly undervalued and think it should be reading at least at 4x FFO which would value it over $13 at $80 oil. So I'm hoping it moves into that range over the next 90+days as they release year end and then Q1. I expect a lot of money will move into this sector as others crater so it wouldn't surprise me if we start seeing 5X FFO/share perhaps even being on the light side....I'm an optimist by nature 
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