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) > Sell 4 sgy shares and buy 1 cve share

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Comment by pppon Dec 11, 2021 2:07pm

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Post# 34221887

RE:RE:Sell 4 sgy shares and buy 1 cve share

OBE and YGR are trading cheaper than SGY at around 1 times CF but YGR still needs to show the market they can drill. OBE needs to come up with 22 numbers, they could be the best buy depending on
capex for next year. Very low declines. But high debt, high ARO all have warts at the moment.

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