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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 CanadianOil2022on Feb 24, 2022 10:04am
280 Views
Post# 34457708

SGY $12 / share Raymond James says $400 Million CF

SGY $12 / share Raymond James says $400 Million CFSurge energy $12 per share Raymond James says....Surge is drilling up a storm in SK as far as I know with high netbacks, favourable regulatory environment and quick payouts.  March 9th is coming and the info in SGY's 2021 YE Report will by my estimates give justification for a $10+ target price.  I wouldn't be surprised if RJ's $12/sh target is under 2/3's of the Total Proved PV10% value (back of the envelope calc).  Hold on to your hats.  I've seen comments on other discussion forums that support that O&G co's by and large are still very much discounted (valuations under $65 WTI are the rule - heck I've seen one co. valued under $40).  Oil & Gas prices are going to remain strong for years to come and companies like SGY will benefit huge.  This is great.  This is where the energy supply we're running short of comes from.

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