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) > 200% Upside Surge ENERGY SGY Raymond James $12

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Comment by CanadianOil2022on Dec 10, 2021 2:05pm

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Post# 34219514

RE:RE:200% Upside Surge ENERGY SGY Raymond James $12

200% UPSIDE SURGE ENERGY SGY
$12/SHARE TARGET RAYMOND JAMES, JEREMY MCCREA SAYS
$300,000,000 CASHFLOWS IN 2022 SURGE ENERGY
BMO & NATIONAL BANK $10/ SHARE TARGET SURGE ENERGY
Great Management Team Surge Energy
Takeover Target in same Saskatchewan Oil as Crescent Point & Whitecrap Resources because Surge has better production vs market cap 15 Year Reserves plus Drilling locations Surge energy
SURGE ENERGY HAS $Billion dollars tax deduction
$12/Share SGY by Dec 2022

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