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

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Comment by Binkieon Mar 25, 2022 1:16pm

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Post# 34546090

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

I get 266million in FCF at 105 oil or $3.16:share. This would imply a share value of a bit over $23 at 5xFFO. If they paid out 1/2 of FCF to dividends, that would be just under $2/share or a 8.5% yield. I'm not expecting any of that, but even using 70% of that is exciting. $16/share and $1.4 dividend. All in favour say...

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