Post by
CanadianOil2022 on Dec 09, 2021 10:10pm
SURGE Management is Great, $12/share TARGET Raymond James
Surge energy Management is Great and Raymond James Jeremy McCrea says so too $12/share PRICE TARGET BEST CASHFLOWS Surge Management strategically assessed and analyzed the Company's strong competitive corporate advantages including, its long (15 year) reserve life index, low conventional corporate decline, high crude oil netbacks, top tier production efficiencies, large 13 year drilling inventory, and substantial $1.0 billion tax pool base.
Accordingly, with this announcement today, over the last 12 months Surge Management has now executed over $620 million of debt and equity financings, re-financings, asset sales, and two corporate acquisitions, to strategically adapt to changing market conditions, and to reposition the Company to be a top performer in 2022 and beyond. Excitingly for shareholders, Surge has also been able to maintain a dominant operational growth position in the Company's medium gravity crude oil Sparky core area, while also adding a significant new core area position in the light gravity crude oil growth plays in SE Saskatchewan.