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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, 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.


TSX:SGY - Post by User

Post by PreludeSHon Sep 13, 2022 1:28am
456 Views
Post# 34958574

Undervalued Based on TVE's acquisition price of Deltastream

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. 


  
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