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Surge Energy Inc (Alberta) T.SGY

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

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

Post by masfortunaon May 06, 2022 11:34am
284 Views
Post# 34662289

Cj, Tve, Wcp...etc

Cj, Tve, Wcp...etcI own Wcp and Cj. Cj had a 52 week high of $8.90.  They are trading at $7.40. 
Wcp has had a high of $11.22. They have been trading in the low $10s for about 5 weeks. And Tve was ahead of BTE at $5.12 6 weeks ago.  Bte is hovering around $7. Tve is nowhere near $7.

I used these 3 as an example for sgy. CJ is not hedged and has promised a divy of 50% of their cash flow. Wcp already had a divy. And Bte has no divy is the most in debt and spent $80 million this quarter in capex. Not much money went to debt repayment.



The clear winner of the 3 was BTE.  The morale of the story is BE CAREFUL WHAT YOU WISH FOR. 

BTW Gxe also reported this week.  "0" debt, A divy. Special divy...It's down...
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