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Surge Energy Inc T.SGY

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

Energy Oil & Gas E&P
Surge Energy Inc. is an 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. The Company’s operations include Sparky, SE Saskatchewan, Greater Sawn, Valhalla and Shaunavon. The Sparky operation offers light/medium crude oil production with compelling returns. The SE Saskatchewan operation maintains asset base oil operating netbacks. Its development consists of low-cost wells with short payouts and SE Saskatchewan provides potential for continued area consolidation. The Valhalla operation is offering stacked pay multi-zone potential with light oil and provides range of area infrastructure and access to multiple egress options supports attractive operating netbacks. The Shaunavon operation is producing low decline, medium gravity crude oil with high operating netbacks.


TSX:SGY - Post by User

Surge Energy Inc
Bullboard Posts
User Avatar Image
(80)
•••
Post by energeeon Mar 10, 2020 12:39pm
228 Views
Post# 30788968

Top reasons to own SGY

Top reasons to own SGY
  1. Oil-weighted assets
  2. Possible upside with price recovery - tbd
  3. Trading less than NAV - as all are
Reasons to not own SGY
  1. Dividend n/a now at $.01/share annually
  2. Q4 funds flow after G & A and interest of $20.80 boe (before price collapse)
  3. 331 net proved booked locations in reserve report
  4. FDC for proved booked locations is $537MM (disc. at 10%)
  5. YE Debt of $383MM  
Time for management and board to look hard at the current model.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities