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.

TSX:SGY - Post by User

Surge Energy Inc > 9points

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Comment by ditchdigger251on Apr 07, 2024 8:04pm

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Post# 35975949

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

ALSO should take into account that much of SGY's EOR potential from waterflood + further tertiary does not appear to be yet booked - and from what I heard on the last earnings call that could double (or more) their current Proved bookings AND substantially reduce the corporate decline rate. This point seems to be often overlooked but I believe is a cornerstone of future value growth.

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This profitable gold stock is on its way up