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) > Surge energy then and now.

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Comment by Chris007on Dec 19, 2021 6:33pm

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Post# 34245384

RE:Surge energy then and now.

I guess it depends on when/if generalist investors ever come back to to sector in force. The investing landscape has changed alot since the 2014 oil crash...

ppp wrote: Back in Nov 2013 Surge traded at 6.68 per share they had 121 864 shares for MC of about 814 mil
Debt was 188 mil production was 12000 bbls per day, Corp net back 44.58 yearly about 178 mil
Funds flow at 44 mil per quarter. So SGY had a EV value of about a bil dollars. Price per flowing of about 83,000.

https://www.stockwatch.com/News/Sedardoc/4063951.pdf

Lets look at 2022

We have a market cap of 332 mil debt 320 mil , production 21500 CF 225 mil with a EV value of about 652 mil so about 2.89 CF to EV, 2013 5.61 Based on this we would need to have a EV of 1.305 bil . Price per flowing of 60,000.

One day this company will trade at these numbers again