Surge Energy Inc T.SGY

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

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.

TSX:SGY - Post by User

Surge Energy Inc > 9points

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Comment by ditchdigger251on Apr 05, 2024 11:57am

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RE:RE:RE:RE:RE:RE:RE:9points

My guess is they settled in usd. That gives an avg sell price in the mid-6's. It makes sense since Precision Drlng probably only sells in USD. I know Nuttall insists on buybacks and not divvies (presumably because he swing trades). I'm retail so I like divvies more so I see 9PT getting out as a measure of Mgmnt commitment to directly returning value to shareholders. With WTI heading north it's 9PT's loss, imo. Ultimately my feeling is come November they won't be much further ahead, if at all.

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