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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

Comment by Baystboy07on Jun 06, 2022 4:11pm
234 Views
Post# 34735175

RE:RE:Eric Nuttall's Liquidity Comment

RE:RE:Eric Nuttall's Liquidity Comment

His comment is not on $SGY liquidity but more for trading volume of the shares...as the size of his fund grows he needs bigger floats and higher trading volumes to make a dent...hence $SGY stock not being liquid enough... GLTA


red2000 wrote: I don't see liquidity problem here, see below their may presentation, page 4.

https://www.surgeenergy.ca/wp-content/uploads/2022/05/May_Corp_Pres-Q1-Final.pdf

Don't be surprise if they bought a private energy producer early 2023...

Well positioned to dilute Out. sh. at 18$ or so to buy a private producer !
No ????

A 20M shares dilution === 360M$ of investment ! Only my O !
 

2022      
WTI price Yearly FCF (M$)  FCF / Sh.   Quarterly FCF (M$) 
        90  $        191  $      2,29  $      47,8  $
        95  $        211  $      2,53  $      52,8  $
      100  $        231  $      2,77  $      57,8  $
      105  $        251  $      3,01  $      62,8  $
      110  $        271  $      3,25  $      67,8  $
      115  $        291  $      3,49  $      72,8  $
      120  $        311  $      3,73  $      77,8  $
      125  $        331  $      3,97  $      82,8  $
      130  $        351  $      4,21  $      87,8  $

Please do your DD, it's your money !


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