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) > Nat gas

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Comment by fortunefavorsuson Nov 17, 2021 8:42am

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Post# 34135285

RE:Nat gas

Yes I believe Surge will have a very good 1st quarter from better hedge prices and higher gas sales and hopefully higher gas production. Seems shorts are betting on some type of oil market collapse before the start of next year. By the time we see strong 1st quarter results Surge could be trading at $8.00 as the analyst can do simple calcuations and know Surge will have strong FCF.

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