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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 VeritasVernon Nov 03, 2022 2:21pm
177 Views
Post# 35070506

RE:Upsize in bought = less debt and still maintains a low float

RE:Upsize in bought = less debt and still maintains a low floatGood acquisiton, the net backs and liquids are fantastic and good synergies with exsisting land in the area. A good buying opportunity at currents levels, 99% liquids from the acquired lands, shut up!

Tradestay wrote:
great to see this kind on interest, this means less debt and dilution is minimal given low eating share count. Surge practically bought back the barrels they have sold in 2021 with this deal.


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