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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 Momo25on Aug 22, 2024 9:46pm
235 Views
Post# 36192850

Optimistic

OptimisticDividend almost there, US and Canada Interest rates cut near door improving investment and overall economy, Gold stocks, where the money is now,  will slack for the next 5years, no issue on short term debt. 1,3 billion of deferred income taxes refundable in coming years, share price is one of the weakest in Oil&Gas sector given the fundamentals, all of that to say : the future, if not bright will be enough good. There is also a potential of a take over in the context of sector consolidation. When occuring, we can expect at least a premium of 70%. Usually take over happens when share price is too low especially if fully  paid through shares dilution or half cash and half shares.
Stick with the fundamentals .
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