Surge Energy Inc T.SGY

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

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.

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Surge Energy Inc > Cannacord speculative buy $10.50 Target

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Comment by tsoprano24on Jan 20, 2022 2:12pm

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Post# 34338516

RE:RE:RE:Cannacord speculative buy $10.50 Target

and that $10.50 would only be a 3X CFP....which is on the historical low side....give it a 4X and add in the dividend and share buyback and the stock s a steal here....."

stockwatcher, I agree grossly underpriced but I'm curious if you think a stock buyback when we trade above book value is smart. I generally think you only do buybacks when stock is below book. In this case I think concentrating on paying down debt and then implementing a monthly dividend plan is way to go. Thoughts?

T

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