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

Comment by blade86caon Sep 21, 2015 4:06pm

215 Views

Post# 24122983

RE:RE:Short position for Sept 15

They betting on dividend cut , In surge next PR if they can increase their BOE production based on their last PR regarding new wells in upper Shanovan , their revenue should go up and that will help drop the total payout ratio (assuming their costs and capex don't rise). If that happens there will be some shorts looking for exit
Their estimated 2015 total payout ratio is 111% based on WTI of $48 averaging for 2015

Bullboard Posts

How one company is disrupting PoC testing