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Surge Energy Inc T.SGY

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

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.


TSX:SGY - Post by User

Comment by ditchdigger251on Aug 03, 2023 10:12am
164 Views
Post# 35570969

RE:Quarter view

RE:Quarter viewCan't push a rope, BB7.  Oil prices are back over $80 and heading higher.  Debt pay down will accelerate and production will climb.  That is what's needed to pay a higher dividend.  It's a couple of quarters away now.  Or sooner if oil spikes above $100...which is where KSA wants it.  If you can't be patient then sell.  13 yrs of drilling inventory and huge mostly unaccounted EOR potential give SGY tons of room to grow value.
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