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.

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Surge Energy Inc (Alberta) > My thoughts on the deal

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Post by PreludeSHon Nov 02, 2022 10:51pm

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Post# 35068661

My thoughts on the deal

Overall...good acquisition:

1. $9.20 bought deal price is not that low considering SGY was at that price just 1.5 weeks ago.
2. Our stock was just moving with the industry. Hopefully this headline gets some much needed attention to the Surge story.
3. Did we overpay? Seems like a reasonable price if the Sparky is as prolific as Paul makes it to be.

Time will tell...I'm holding onto my shares.

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