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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 Oct 24, 2022 3:49pm
405 Views
Post# 35044695

EN on BNN's Market Call...

EN on BNN's Market Call...Summary of Eric Nuttall's comments on Maket Call today...

* Surge is doing what they should be doing... have debt down to a low level... thinks they will be debt free next year.

* Paying out an increasing amount of their FCF... at ~36% FCF yield presently.

* Believes a 4 multiple is possible... that's 100% upside in stock price, which is true for the sector.

* No bones to pick with Surge... just can't own the entire sector in the mid-cap space.
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