Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s): ZPTAF | T.SGY.DB.B

Energy Oil & Gas E&P

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

Surge Energy Inc (Alberta) > Sold off and undervalued

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Post by MLEWICKIMBAon Dec 28, 2023 12:03pm

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Post# 35802731

Sold off and undervalued

1. SGY Balance Sheet best in ten years or ever

2. Key metrics improved and in the current quarter more improvement as WTI/WCS/CAD not bad.

Little liquidity just small traders.

Q1 2024 brings draws as opec cuts kick in.

Saudi needs a good year before US Elections

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