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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

Comment by Joe455on Aug 17, 2021 2:19pm
205 Views
Post# 33717862

RE:Is there no positive outlook?

RE:Is there no positive outlook?
ramsberger wrote: Ever since paying off debt  shares are driven down. Morning star fair value around $ 0.90  that means share is undervalued by 50%.
looks like the financial environment has little trust in our grossly overpaid bord of directors or money people would jump at the opportunity of doubling their money while shares are at this bargain price.
I think it would be a possitive to share value if this Astra deal be turned down .


SGY needs new management.
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