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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  T.SGY.DB.B | ZPTAF

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 VeritasVernon Dec 08, 2023 12:54pm
291 Views
Post# 35775178

From Press Release

From Press ReleaseThis is interesting for 2024 

Based on Surge's 2024 capital budget, the Company can deliver production of 25,000 boepd (87 percent liquids), while concurrently generating an anticipated $105 million of free cash flow1 (before dividends) at US$75 WTI crude oil pricing3 – providing investors with an estimated free cash flow yield1,4 of 15 percent.
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Dealroom for high-potential pre-IPO opportunities