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) > Well do your own math...lol

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Comment by Herfa1on Nov 10, 2021 3:24pm

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Post# 34111615

RE:Well do your own math...lol

Based on CNQ transactions (6.1 fund flow excluding Hedge loss), as of June 30, 2021 F/S, Surge market value should have been 4.84$. If we take Surge September 30 F/S and accept that the future should improve, i come up with an Market valuation of Surge of 8,69$. The problem right now is that there nobody interested in oil and gas. (WOKE). Eventualy when they pay back a good chuck of debt, repurchase shares and pay dividends, Surge will be above 10.00$.

	As of June 30, 2021		Sept.30, 2021
	Storm	Surge	Surge

Funds Flow	64,434	23,804	26,263
Realized loss on Hedge	14,330	37,733	23,209
	78,764	61,537	49,472
	2	2	4
	157,528	123,074	197,888
Rate	6.1	6.1	6.1
Exactly their offer	960,920.8	750,751.4	1,207,116.8


Bank indeptedness	107,582	276,004	309,793
Decommisson	29,212	258,804	270,444
	136,794	534,808	580,237

For Sharesholders	824,127	215,943	626,880

Shares on market	131,732	379,594	72,177

Per shares (6,28$)	$ 6.26	$ 0.57	$ 8.69
		8.5
		$ 4.84