Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s): T.SGY.DB.B | ZPTAF

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) > Investing for Idiots - At $80 SGY Net Asset Value $24 share

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Post by fortunefavorsuson Mar 24, 2022 12:16pm

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Post# 34541809

Investing for Idiots - At $80 SGY Net Asset Value $24 share

At $85 oil FCF 175 million. At $105 probably over $250 million. Will be down to .5 debt to cash flow before year end and about a 6% dividend and buying back stock. Might be able to monetize some noncore assets at these high oil prices. Could we see a special dividend?.

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