Surge Energy Inc (Alberta) T.SGY

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

Energy Oil & Gas E&P

Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.

TSX:SGY - Post by User

Surge Energy Inc (Alberta)

Bullboard Posts

Post by Analysis98on Dec 20, 2014 4:40pm

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Post# 23252966

My research notes

Sharing my research notes created from TD Action Notes for the companies I follow.

Name	Friday Close	New Target	Old Target	52 Week High	Revised NAV-MG*	Old NAV-MG*	Status	Divi Concerns
Cenovus	23.98	21.00	29.00	34.79	23.22	33.70	Hold
Cdn Oil Sands	11.37	11.00	17.00	24.68	16.63	15.44	Hold
Meg	18.90	25.00	39.00	41.29	24.09	35.33	Buy
Baytex	20.89	22.00	31.00	49.88	23.73	24.93	Hold
Bonavista	7.87	10.50	16.50	17.85	14.93	17.66	Buy
Crescent Point	28.61	33.00	47.00	48.68	31.20	38.89	Buy
Enerplus	11.61	15.00	24.00	27.05	14.48	20.26	Buy	possible cut in 2015
Lightstream	1.25	0.70	4.50	9.09	8.24	10.76	Reduce
Northern Blizzard	8.63	10.00	19.00	19.00	13.10	17.58	Buy
Pengrowth	3.97	4.50	8.00	7.78	4.64	9.75	Buy
Painted Pony	10.04	15.00	16.00	14.75	17.60	19.72	Buy
Raging River	7.14	10.00	11.00	11.25	7.77	11.45	Buy
Surge	4.05	4.50	7.50	8.82	6.25	8.10	Hold	possible cut in 2015
Spartan	2.89	4.00	5.50	4.44	3.26	4.71	Buy
Torc Oil	8.27	13.00	17.50	16.33	10.36	15.22	Buy
Twin Butte	0.87	0.90	1.75	2.50	1.79	2.76	Hold	another cut in 2015
Vermillion	58.78	62.00	75.00	78.24	47.62	54.84	Buy
Whitecap	12.06	14.50	22.00	18.70	9.55	11.26	Buy

TD Assumptions Based on Forecast WTI Oil Prices Below:
	WTI	Brent
2015	65.00	70.00
2016	70.00	75.00
2017	75.00	80.00

* Note: MG = Modified Growth