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.

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Surge Energy Inc (Alberta)

Bullboard Posts

Comment by jerrybeon Feb 23, 2017 10:41pm

339 Views

Post# 25886906

RE:RE:RE:RE:RE:RE:Surge Energy increases NAV to $5.47 per share

A CEO man crush?! Love it! Thanks Daniel for your post. Only CEO in the oil patch that takes only $1 in salary. An academic study shows that "$1 CEOs" typically lead their firms to outperformance.

Surge has made every right move since the downturn. The stock should easily be 50% higher. I see it as just a great opportunity to load up before they really takeoff. The Divco model is out of fashion and I think perception has not been good. But the assets are world class and I appreciate receiving a 3% dividend...guaranteed it will go up if oil goes through $60...FD&A cost of less than $4...absolutely stunning!

Bullboard Posts

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