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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

Post by scienceguy36on Jul 06, 2023 3:22pm
311 Views
Post# 35529731

Some numbers

Some numbers
I currently have shares in GXE and CJ for the dividends and CJ for the most upside if prices increase. As you can see all except BTE are heavily dependent on WCS pricing.
I would expect all these stocks to increase as oil price increases. The spread for WTI/WCS today is $10.90.  Do your own due diligence.


                Debt         Shares             Production                                  Dividend

BTE        2 billion     856,000             153,000 b/d  (forecast 2H/23)          N/A
 * WCS 22% weighted

TVE        1.32 bil       557,000            68,000 b/d                                    .15 per annum 4.70% yield
*WCS 50% weighted

SGY        332 mil       98,000            25,000 b/d                                      .48 per annum 6.87% yield
*WCS 50% weighted

CJ           78 mil          159,000         21,700 b/d                                       .72 per annum 10.73% yield
*WCS 55% weighted

GXE         12.8 mil      261,000          5,900 b/d                                     .12 per annum 12.50% yield
*WCS 55% weighted
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