Surge Energy Inc T.SGY

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

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 > Globe says Surge a takeover target by WCP

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Comment by PreludeSHon Oct 31, 2023 6:38pm

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Post# 35710173

RE:RE:RE:RE:RE:RE:Globe says Surge a takeover target by WCP

Befree, only thing that keeps me up at night is Paul's penchant for acquisitions. Thats the real roadblock for shareholder equity appreciation

befree wrote: i agree there will be no buyout paul owns too many shares as well as 9 point
no buyout below 16 and( i cannot believe it would happen at 18 either )
oil forecast 80 plus for next year alot of monies for reducing loans
i will not be tendering mine blow 18 and then i would look long and hard
imagine if oil stays above 80 for a couple years what the balance sheet would look like
the in and outers will be gone and the equity investers will be rewarded

Befree
in the maritimes