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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

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

Post by CanadianOil2022on Dec 13, 2021 7:22am
330 Views
Post# 34224145

Raymond James $12/share target SGY (BMO/N.B say $10 SGY

Raymond James $12/share target SGY (BMO/N.B say $10 SGY
Surge energy Management is Great and Raymond James Oil Analyst, the great Jeremy McCrea says $12/share PRICE TARGET BEST CASHFLOWS with $300 Million in 2022 

 Surge Management strategically assessed and analyzed the Company's strong competitive corporate advantages including, its long (15 year) reserve life index, low conventional corporate decline, high crude oil netbacks, top tier production efficiencies, large 13 year drilling inventory, and substantial $1.0 billion tax pool base.
Raymond James Says of SGY $12/share Raymond James, Jeremy McCrea said.
 
Accordingly, with this announcement today, over the last 12 months Surge Management has now executed over $620 million of debt and equity financings, re-financings, asset sales, and two corporate acquisitions, to strategically adapt to changing market conditions, and to reposition the Company to be a top performer in 2022 and beyond. Excitingly for shareholders, Surge has also been able to maintain a dominant operational growth position in the Company's medium gravity crude oil Sparky core area, while also adding a significant new core area position light oil
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