Undervalued Based on TVE's acquisition price of Deltastream Deltastream produces about 23,000 bpd and TVE paid $1.425B. Surge will exit F22 producing 21,500 bpd...which gives Surge a $1.332B valuation. Subtract out the $331M debt we still have, that means Surge should be trading at $1B valuation...as of tonight its market cap is $774M, so we are undervalued by at least 30% to the valuation TVE paid for Dollarsteam.