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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

Comment by tvstockon Jul 31, 2024 10:32am
337 Views
Post# 36156140

RE:RE:RE:SURGE ENERGY INC. ANNOUNCES FINANCIAL & OPERATING RESULTS

RE:RE:RE:SURGE ENERGY INC. ANNOUNCES FINANCIAL & OPERATING RESULTS

IMO NG assets put aside and write-off. 87% liquid.  Few O/G companies have make the cleansing regarding NG assets , considering low NG prices, SGY put it aside. The conservative Shareholders' equity is still  7.5/ share post writedown, not bad at all.

 

Adjusted fund flows per share of 0.82 is even more than WCP, correct me if I am wrong., Of ocurse, WCP may show better prospects as the market like it, but the share price difference is too huge to be neglected.

 

$1 free funds hflow/year  for dividends/buyback at $75 WTI cannot be neglected.

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