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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)
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Post by fortunefavorsuson Feb 17, 2022 12:15pm
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Post# 34438412

Anything over $80 is pure FCF Gravy for Surge

Anything over $80 is pure FCF Gravy for SurgeManagement didn't even do a forecast beyond $80 in the forecast of energy prices!!   Very successful company at $80.  Market will wake up at 1st quarter results to high profitable a company Surge is.   Hopefully management will give ballpark of 1st results at 4th quarter earnings report.
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