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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 Baystboy07on May 05, 2022 10:37pm
218 Views
Post# 34661013

RE:RE:RE:Keep in Mind

RE:RE:RE:Keep in Mind

I did point that out...on for  Company like $SGY it is not...they need to get pay down debt....market has no confidence...that is why they are trading with one of the lowest multiples of any of their peers....if debt comes down and cash comes back the stock will be re rated...we need cash not more land!

also when the say "Surge was also successful at a recent, highly competitive, Saskatchewan Crown land sale at Steelman" "highly competitive" to me it means they over paid!!!!
 


Countrin2tive wrote: If so, with WTI at these prices, I would think a little slippage in the debt repaymemt which some seem to be fussing over, is more than justified in order to grow assets and reserves.  Oil is going to be around at these prices for a while, I think.

 

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