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Surge Energy Inc (Alberta) T.SGY

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

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
Post by invest888123on May 09, 2018 12:14am
153 Views
Post# 28002389

Cant wait for the price target increases from analysts

Cant wait for the price target increases from analyststhank you mangement at surge. keep up the good work. going to be a great ride up to $3.00
  • Surge's Q1 2018 quarterly production of 16,027 boepd increased by 16 percent over Q1 2017 production of 13,866 boepd (12 percent per share).
  • Adjusted funds flow in Q1 2018 was $28.2 million, an increase of over 30 percent as compared to Q1 2017 at $21.6 million.
  • Adjusted funds flow per share in Q1 2018 was $0.121, an increase of 26 percent over Q1 2017 at $0.096per share.
  • Increased the Company's net asset value ("NAV") by over 10 percent to $6.06 per common share, as compared to $5.47 per share at year end 2016,
Bullboard Posts