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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 is dedicated to their model...
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Comment by zack50on Feb 14, 2022 11:40am
179 Views
Post# 34426424

RE:RE:RE:RE:Surge is dedicated to their model...

RE:RE:RE:RE:Surge is dedicated to their model...
bigkagan wrote:  Why does SGY have such a huge EPS and P/E of only 1?


Not sure what you are refering to when you say "hugh EPS" or where you get your figures... but Surge has indicated that it expects to generate FCF of around $130M or $1.57 per share based on $75 oil. At its present share price of $6.56, that gives SGY a P/E of ~4.2x.


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