Surge Energy Inc (Alberta) T.SGY

This is a rather unique situation

[soundandfury]

Here we are a 20,200 bpd oil company.......crude is 73.00......next year our fcf is projected to be somewhere between 85 million and 120 million dollars......we now have 5 cash generateing areas.......3 or 4 core areas.......an experienced management team......a good cfo.......and yet our stock can't get to 1.00.........shakes my head and wonders what went wrong? What do you think they talk about at the sgy board meetings after the cfo gives his presentation? Hmmmm

[tri-stock]

This stock should be comparable to Obsidian. If the Astra deal adds the value expected, we should see $4.00 to $5.00 per share price in 2022.

[mugs19]

Patience Grasshopper or should I say, a little more patience Grasshopper.  I believe the 20,200 bpd is a result of the recent private purchase. Did you expect an instant spike in SP? Really? mugs

[Chris007]

Nothing particularly unique to surge. plenty of small cap e&ps are still crazy cheap, even after multibagger returns over the last year. Using Nutall's favored 4x CF/EV for 2022, SGY is definitely worth a buck assuming $65 WTI Cash flow @65WTI is estimated at $210,000,000 4 x 210,000,000 =$840,000,000 $840M-210M (2022 net debt) = $630M $630M/608M shares outstanding = $1.04/share If

[ariesleaf]

 What do you think they talk about at the sgy board meetings after the cfo gives his presentation? Hmmmm. How big of pay check they get.