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Surge Energy Inc (Alberta) T.SGY

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

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

Post by soundandfuryon Jun 23, 2021 10:10pm
346 Views
Post# 33439456

This is a rather unique situation

This is a rather unique situation Here we are a 20,200 bpd oil company.......crude is 73.00......next year our fcf is projected to be somewhere between 85 million and 120 million dollars......we now have 5 cash generateing areas.......3 or 4 core areas.......an experienced management team......a good cfo.......and yet our stock can't get to 1.00.........shakes my head and wonders what went wrong? What do you think they talk about at the sgy board meetings after the cfo gives his presentation? Hmmmm
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