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.

TSX:SGY - Post by User

Surge Energy Inc (Alberta) > Investing for Idiots - At $80 SGY Net Asset Value $24 share

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Comment by Binkieon Mar 25, 2022 1:16pm

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Post# 34546090

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

I get 266million in FCF at 105 oil or $3.16:share. This would imply a share value of a bit over $23 at 5xFFO. If they paid out 1/2 of FCF to dividends, that would be just under $2/share or a 8.5% yield. I'm not expecting any of that, but even using 70% of that is exciting. $16/share and $1.4 dividend. All in favour say...

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