Surge Energy Inc (Alberta) T.SGY

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

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, Greater Sawn and Shaunavon. 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 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. Its Greater Swan operation consists of concentrated light oil asset with conventional slave point reefs.

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Surge Energy Inc (Alberta) > Investing for Idiots - At $80 SGY Net Asset Value $24 share

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Post by fortunefavorsuson Mar 24, 2022 12:16pm

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Post# 34541809

Investing for Idiots - At $80 SGY Net Asset Value $24 share

At $85 oil FCF 175 million. At $105 probably over $250 million. Will be down to .5 debt to cash flow before year end and about a 6% dividend and buying back stock. Might be able to monetize some noncore assets at these high oil prices. Could we see a special dividend?.

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