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Bullboard - Stock Discussion Forum Surge Energy Inc (Alberta) T.SGY

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

Energy Oil & Gas E&P
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... see more

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > KPIs
View:
Post by Dibah420 on Sep 14, 2023 1:01pm

KPIs

KEY Highlights
·        Estimated cashflow $335M and $160M of FCF before dividends.
·        87% levered to oil best company in the mid-tier group to benefit from tightening supply for both light and WCS pricing and higher oil prices.
·        Sensitivity – Every $1 change to WTI adds $8.7M in cashflow therefore at $90 WTI cashflow increases to ~$420M
·        Next dividend increase will likely be implemented when they meet their next debt target likely Q4 2023. (Paying down $100M debt 2023)






Comment by ditchdigger251 on Sep 14, 2023 5:07pm
The $22 NAV caught my attention too.  And $14 at historical 5x valuation.  Keeping in mind NONE of this takes into account the massive EOR opportunities SGY has with their assets.  3.1 BILLION Bbls OOIP.
Surge Energy Inc (Alberta)
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