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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) > 9points
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Comment by ditchdigger251on Apr 05, 2024 11:57am
155 Views
Post# 35972991

RE:RE:RE:RE:RE:RE:RE:9points

RE:RE:RE:RE:RE:RE:RE:9pointsMy guess is they settled in usd.  That gives an avg sell price in the mid-6's.  It makes sense since Precision Drlng probably only sells in USD.  I know Nuttall insists on buybacks and not divvies (presumably because he swing trades).  I'm retail so I like divvies more so I see 9PT getting out as a measure of Mgmnt commitment to directly returning value to shareholders.  With WTI heading north it's 9PT's loss, imo.  Ultimately my feeling is come November they won't be much further ahead, if at all.  
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Dealroom for high-potential pre-IPO opportunities