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)

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Post by daniel004on Mar 17, 2016 10:35am

255 Views

Post# 24669384

How do you interpret the last sentence here? (from RBC)

Surge Energy Inc.
Q4/15 - Increases balance sheet flexibility
Our view: Surge Energy reported Q4/15 CFPS of $0.07 vs RBC/Street
consensus of $0.10/$0.09 on 1% lower than expected volumes. Surge
continues to tighten its portfolio and increase balance sheet flexibility
via non-core asset sales, potentially as a pre-cursor to non-organic
opportunities in our view.

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