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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 Playacaron Jul 29, 2024 10:41pm
284 Views
Post# 36153698

Surge energy

Surge energyI'm a value investor and hold a ton of shares.  The problem is that Trudeau and his ndp buddies have destroyed the oil/gas industry in Canada. Just consider this.   Surge trades at a cash flow multiplier of approx 21/2 times.  This is insane.  Here's a company making very good profits and I predict that this quarter earning will be over 70cents cash flow per share. Name any company doing better.   The true valve is about 12 per share and yet here we are trading at less then. 7.  Investment logic just doesn't apply any more to oil/gas company's.  Take lulu lemon for example. It has USA listing and trades I believe at a 50  times multiple.   No logic at all.  Until we get usa investor in our oil/gas stocks.  We are dead in the water.  Surge is too small to attract any interest.  Surge should either find a buyer or structure itself like Cardinal and just issue huge dividends .  At least we get rewarded for holding there shares. 
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