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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 TickerStock101on Dec 29, 2021 2:40pm
613 Views
Post# 34268478

Surge Energy and Paul Colborne

Surge Energy and Paul Colborne I think people may forget at times that Paul Colborne was the founder of Crescent Point Energy, he grew them to where they are today. He's an extremely smart CEO. Currently we haven't seen huge gains in the stock price due to acquisitions bought with stock, but isn't that better than having to pay interest on debt to the bank if we bought with cash? Even though our share price hasn't gone up like other share prices we have gained some very valuable assets. In 2022 and beyond Surge energy will be printing money now that the forced hedges are gone, all this patience will have paid off and the share price will be reflected in that IMO. Surge will easily be able to drill to grow production while paying out a dividend better than any other company out there in the future since they got such high quality, low cost wells IMO. Staying long!
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