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 leo101on Sep 30, 2020 10:28am

212 Views

Post# 31641199

RE:RE:RE:Nutall's tweet...

Kherson wrote:

leo101 wrote:

Kherson wrote: First of all, I am surprised that he has a copy of the orginal 5th Amended and Restated Credit Agreement. That will be a discussion at a later date.
Now that we all know that Surge has launched a formal process for a Corporate Transaction, as requested by it's lenders, we will see most likely before December 15 what that outcome will be as that is when the revolving Credit Facility has been extended to.
I find it hard to believe that the lenders will or even can, force Surge to do an actual Transaction if they are paying down debt in a meaningful way. The key here is the NAV!
Now we know for sure that the share price has indeed been manipulated downwards!
Kherson

kherson, what balance sheet are you looking at, the year end or the latest quarter? there is a world of difference. the current share price is 20 cents and the p/b ratio is 20:1, do the math.

I have done the math many times and I come up with 0.2! The present book value is around a dollar and the share price is 20 cents.
Kherson