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Bullboard - Stock Discussion Forum 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... see more

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Hang on till this gets to at least $30
View:
Post by senseimike on Oct 12, 2021 10:18am

Hang on till this gets to at least $30

Sellers....sell and go away so i can make some money.
This company generates about $4 free cash flow per share  at WTI of $100.
That's likely the lowest WTI will be by december/jan.
The bank debt can be gone by summertime and then dividends should start.

GLTA
Comment by Chris007 on Oct 12, 2021 11:18am
$30/share, would be a market cap of $2.5 billion....think that might be a tad optimistic for such a small producer.