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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 stocks123STon Mar 26, 2022 6:46am
312 Views
Post# 34547797

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

RE:RE:Investing for Idiots - At $80 SGY Net Asset Value $24 shareBinkie
Just as a matter of interest,
What's the difference between the price of SGY now and the price from a 10y chart???
-same management
-same enviroment
-same price
-i would say, leverage now is even less than 10y ago
-no ESGers to push the price of oil up: because of scarcity
-probably less s/o: thanks to the share consolidation
-probably paid a dividend then and hopefully start to pay one now
-and the income fund tax gimmick was changed in Oct '06
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