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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) > LET'S BE REALISTIC WHAT IS SGY REAL TARGET IN YOUR MINDS.?
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Comment by Chris007on Dec 09, 2021 7:29pm
178 Views
Post# 34216716

RE:LET'S BE REALISTIC WHAT IS SGY REAL TARGET IN YOUR MINDS.?

RE:LET'S BE REALISTIC WHAT IS SGY REAL TARGET IN YOUR MINDS.?If you compare it with Cardinal which has similar production numbers, which currently trades at around 4x EV/2022 CF @70WTI, I get around $7

2022 CF for Surge at $70WTI (which is a pretty conservative estimate) is around $230M as per Q3 earnings news release
$230M x 4 = $920M
Less: $320M net debt as of Q3 earnings
=$600M

$600M / 83.4M shares outstanding = $7.19/ share




ariesleaf wrote: One year out $5.00 $6.00 $7.00 $8.00 $9.00 $10.00 or more.? I say $7.00.

Oil slides after three-day gain as traders assess Omicron risk



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