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) > The SGY advantage.

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Post by Tradestayon Jan 12, 2023 12:41pm

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Post# 35218756

The SGY advantage.

I know some here did not like the recent share dilution but I was ok, we are still under 100M shares and have more production that is super accretive to cash flow.

The SGY advantage is this low share count, when they hit that debt target which is by Q3 this year, they can quickly move the dial on the share and put a bottom in for shareholder, but honestly if oil keeps above $75 this will go up without that.

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