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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 ACESoveron Nov 07, 2024 8:45pm
223 Views
Post# 36302307

RE:RE:RE:RE:RE:RE:Was it a bad report?

RE:RE:RE:RE:RE:RE:Was it a bad report?
Momo25 wrote: Except for the debt where there is an improvement, on the revenue, on the production, on the cash flow generation they are not there if we compare them to TVE and BTE. Oil price is the same for everyone. Isn't it? By the way Canaccord just reduced their price target from $11 to $10.5
And BTW, the analyst from Cannacord is Mike Mueller. On the TD site he has a 1 star rating out of 5 stars. His Win-Loss ratio is 45 out of 106. for a 42% "successful" rating. His average return per rating is -3.4%.. I don't know if I would rely on his ratings up or down.
The other 2 ratings are by Luke Davis, Raymond James with an $8.50 target. He is 63% successful.
and Dan Payne, National Bank with a $11.25 target. He has a 68% success rating, Both of these analyst's have 5 star ratings...........for what it's worth.

ACE$

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