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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 masfortunaon May 06, 2022 11:34am
308 Views
Post# 34662289

Cj, Tve, Wcp...etc

Cj, Tve, Wcp...etcI own Wcp and Cj. Cj had a 52 week high of $8.90.  They are trading at $7.40. 
Wcp has had a high of $11.22. They have been trading in the low $10s for about 5 weeks. And Tve was ahead of BTE at $5.12 6 weeks ago.  Bte is hovering around $7. Tve is nowhere near $7.

I used these 3 as an example for sgy. CJ is not hedged and has promised a divy of 50% of their cash flow. Wcp already had a divy. And Bte has no divy is the most in debt and spent $80 million this quarter in capex. Not much money went to debt repayment.



The clear winner of the 3 was BTE.  The morale of the story is BE CAREFUL WHAT YOU WISH FOR. 

BTW Gxe also reported this week.  "0" debt, A divy. Special divy...It's down...
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