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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

Comment by Binkieon Mar 08, 2022 3:23pm
274 Views
Post# 34496710

RE:RE:RE:Q4/Y21 End Results

RE:RE:RE:Q4/Y21 End ResultsSurge is up over 50% ytd or 175% annualized- I've dreamt on that type of performance from my investments for years and when it did happen, it was red not green, lol.  This stock has a lot going for it. There will be an avalanche of money coming into the sector from institutional and retail investors as it outperforms most of not all others sectors. It will be a money making machine, and will have tons of flexibility. At 5xFFO at $110 oil, the valuation is roughly $25/share. It has a small market cap compared to peer volume producers, I see lots of reason for optimism both near and long term. The market isn't always rational in the short term so no worries in the dips or if others are having a better day. I expect they will have their best year ever in 2022, I'm excited with the opportunity presented here. Good luck all
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