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.

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Surge Energy Inc (Alberta) > Cannacord speculative buy $10.50 Target

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Comment by tsoprano24on Jan 20, 2022 2:12pm

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Post# 34338516

RE:RE:RE:Cannacord speculative buy $10.50 Target

and that $10.50 would only be a 3X CFP....which is on the historical low side....give it a 4X and add in the dividend and share buyback and the stock s a steal here....."

stockwatcher, I agree grossly underpriced but I'm curious if you think a stock buyback when we trade above book value is smart. I generally think you only do buybacks when stock is below book. In this case I think concentrating on paying down debt and then implementing a monthly dividend plan is way to go. Thoughts?

T

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Advancing flagship Ishkõday Gold Project in Ontario