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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

Post by ditchdigger251on Feb 23, 2022 12:30pm
220 Views
Post# 34454269

March 9th is Coming. Most O&G Co's Are Trading <$65 WTI

March 9th is Coming. Most O&G Co's Are Trading <$65 WTISurge is drilling up a storm in SK as far as I know with high netbacks, favourable regulatory environment and quick payouts.  March 9th is coming and the info in SGY's 2021 YE Report will by my estimates give justification for a $10+ target price.  I wouldn't be surprised if RJ's $12/sh target is under 2/3's of the Total Proved PV10% value (back of the envelope calc).  Hold on to your hats.  I've seen comments on other discussion forums that support that O&G co's by and large are still very much discounted (valuations under $65 WTI are the rule - heck I've seen one co. valued under $40).  Oil & Gas prices are going to remain strong for years to come and companies like SGY will benefit huge.  This is not garbage.  This is where the energy supply we're running short of comes from.
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