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 07, 2024 8:04pm

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Post# 35975949

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

ALSO should take into account that much of SGY's EOR potential from waterflood + further tertiary does not appear to be yet booked - and from what I heard on the last earnings call that could double (or more) their current Proved bookings AND substantially reduce the corporate decline rate. This point seems to be often overlooked but I believe is a cornerstone of future value growth.

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