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) > Kherson

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Comment by downtozeroon Jun 29, 2021 11:45am

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Post# 33466119

RE:RE:RE:RE:RE:Kherson

Round numbers based on $75 oil.

$140M projected FCF in 2022.
500M shares.
10* PE Ratio.

$140M*10/500M

Value = $2.80 per share.

Note that during the conference call Surge also stated they will be restating their loss from 2020 based on current oil market value. This should significantly increase Surge's market value.

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