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Bullboard - Stock Discussion Forum Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

Energy Oil & Gas E&P
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) > Surge energy then and now.
View:
Post by ppp on Dec 19, 2021 6:30pm

Surge energy then and now.

Back in Nov 2013 Surge traded  at 6.68 per share they had 121 864 shares for MC of about 814 mil
Debt was 188 mil production was 12000 bbls per day, Corp net back 44.58 yearly about 178 mil
Funds flow at 44 mil per quarter.  So SGY had a EV value of about a bil dollars.  Price per flowing of about 83,000.

https://www.stockwatch.com/News/Sedardoc/4063951.pdf

Lets look at 2022


We have a market cap of 332 mil debt  320 mil , production 21500  CF 225 mil with a EV value of about 652 mil  so about 2.89 CF to EV,      2013 5.61 Based on this we would need to have a EV of 1.305 bil . Price per flowing of 60,000.

One day this company will trade at these numbers again
Comment by Chris007 on Dec 19, 2021 6:33pm
I guess it depends on when/if generalist investors ever come back to to sector in force. The investing landscape has changed alot since the 2014 oil crash...
Comment by ppp on Dec 19, 2021 6:34pm
Sorry wrong link this should be the correct one https://www.stockwatch.com/News/Sedardoc/3012329.pdf
Surge Energy Inc (Alberta)
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