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) > Hang on till this gets to at least $30

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Comment by Chris007on Oct 12, 2021 11:18am

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Post# 33997273

RE:Hang on till this gets to at least $30

$30/share, would be a market cap of $2.5 billion....think that might be a tad optimistic for such a small producer.

senseimike wrote: Sellers....sell and go away so i can make some money.
This company generates about $4 free cash flow per share at WTI of $100.
That's likely the lowest WTI will be by december/jan.
The bank debt can be gone by summertime and then dividends should start.

GLTA