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Surge Energy Inc (Alberta) T.SGY

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

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

Bullboard Posts
Comment by madmax240kphon May 04, 2015 8:27pm
426 Views
Post# 23693146

RE:SGY Seeking Alpha P/T $10USD

RE:SGY Seeking Alpha P/T $10USDJust a bit of the article. Good find Papagallo. ................... Summary •Fears of inflated stock prices, an imminent market crash, economic recession, rising interest rates and weakening oil price can make investing today a scary proposition. We must choose carefully. •This small Canadian oil producer is undervalued to Net Asset Value and monthly pays an annual dividend of 6.6%. The company is cash positive with WTI at $40 per barrel. •A recent transformational, virgin resource discovery adds substantially to NAV, further reduces the low operating costs and has allowed the company to reduce debt to only 1.25 times cash flow. •Our $10.17 price target represents a 178% increase in value over the current price of $3.65. ............... https://seekingalpha.com/article/3137666-a-scaredy-cats-top-oil-pick-surge-energy
Bullboard Posts