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Surge Energy Inc (Alberta) T.SGY

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

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)
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Post by zack50on Jun 03, 2022 2:08pm
452 Views
Post# 34730267

EN indicates 104% upside... I'll take it.

EN indicates 104% upside... I'll take it.Key takeaways:
* EN's concern is with size and scale... liquidity.
* SGY is inexpensive, trading @ 1.8x CF w/$100 WTI
* 35% FCF yield... debt free early 2023
* 4 multiple is appropriate giving SGY 104% upside... that puts SGY at ~$24
* If you own SGY... let it ride!

You can check out his brief discussion at the link below:

url=https://www.bnnbloomberg.ca/market-call/eric-nuttall-discusses-surge-energy~2456576][/url]
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Dealroom for high-potential pre-IPO opportunities