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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) > The Tides are turning
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Comment by Joe455on Sep 04, 2021 11:36am
326 Views
Post# 33814421

RE:The Tides are turning

RE:The Tides are turning
Tradestay wrote:
Surge anticipates $110M FCF at $70 WTI and at $75 $140M FCF. Surge debt bank debt went from $260M dec 31 2020 to $162M June 2021. Now in fairness this is because they sold assets but the Astra acquisition brought back those lost barrels. Surge has Q1 and Q2 2022 hedge at 7.5K barrel at $68.21 and 76.06. If oil price maintains 65 to 75 rane the $70 guidance is feasible. Oil is currently above $70. Longterm shareholders in my view will need until 2023 with high oil price to recover due to the reverse buy the who bought within the last year have serious upside here. This is not financial advise just commentary. See surge latest presentation for more details.

On my watchlist, waiting for the dust to settle after the reverse split.
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Dealroom for high-potential pre-IPO opportunities