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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Comment by Kings_kidon Dec 14, 2017 5:22am

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Post# 27153752

RE:2018 Guidance

I have reviewed in its entirety and the numbers and the guidance look realistic and very good, with a nice potential upside if WTI keeps going to a 60-65 range. I like the all on payout ratios as well. Looks like a nice doc payout and good organic growth. 2018 should be a great year for all of us that have been long on SGY!

Should get a bit of a boost at the open.

Have a a great day!

Kid

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