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) > Comparison of Surge and Cardinal

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Post by Playsmarton Mar 17, 2021 5:52pm

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Post# 32819558

Comparison of Surge and Cardinal

After March 25th, I guess, Surge and Cardinal will be almost same in terms of Debt, Asset quality, Daily production, Percentage of shares held by insiders and institutions, Revenue generation and Book value per share based on Shares outstanding are more than double for SGY than CJ.
Would SGY fly like Cardinal after deal closed, debt reduced and Guidance out ?
Any Opinion ? GLTA

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