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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

Comment by Chris007on Oct 08, 2021 10:29pm
303 Views
Post# 33991263

RE:RE:Update on sgy private equity purchases since 2018

RE:RE:Update on sgy private equity purchases since 2018Based on metrics on paper...yes, SGY is hugely undervalued...even most analyst estimates are substantially higher. 

Based on company guidance for next year, this should easily be a $8-10 stock...on paper

That being said, it appears the market has healthy dose of scepticism towards surge management and their abilities to meet guidance (not that its unwarranted, after the the drama that occured over the last two years)...it certainly wouldn't have been a pleasant experience being a shareholder at the beginning of the covid crash, through to the various dilutions and finally a reverse split.

That being said, if you are a new buyer, the $5 range certainly isn't too bad of an entry point to nibble at some shares, especially if energy prices remain strong into next year.

TickerStock101 wrote: What your saying is that surge is hugely undervalued in the stock market when you look at their assets


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