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

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Surge Energy Inc (Alberta) > Reddit boards are saying Josh Young (Bison buying more SGY

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Post by CanadianOil2022 on Dec 21, 2021 11:53am

Reddit boards are saying Josh Young (Bison buying more SGY

Reddit boards are active with news that Josh Young of Bison Interests is buying additional Surge energy shares they are claiming stronger that Josh admitted buying SGY at much higher prices because he saw value in their high oil assets and that now he is adding a much larger position

Raymond James, Jeremy McCrea says $12/share target SGY
The Fund Managers and Analysts are coming forward 2022. Surge Up 4% today.

CEO Paul Colborne said $300,000,000`in 2022 Cashflows at $80 Raymond James says $12/share target.Surge's upwardly revised exit 2021 and preliminary 2022 guidance is reconfirmed as follows:

Guidance	@ US $70 WTI*	@ US $75 WTI*	@ US $80 WTI*
Exit 2021 production	21,500 boepd (86% liquids)
Average 2022 production	21,500 boepd (86% liquids)
2022 Exploration and Development Capital Expenditures	$120 million
2022 Adjusted funds flow ($MM)	$245	$270	$295
Per share	$2.94/share	$3.23/share	$3.53/share
2022 Cash flow from operating activities ($MM)	$230	$255	$280
Per share	$2.76/share	$3.05/share	$3.35/share
2022 Free cash flow ($MM)4	$110	$135	$160
Per share	$1.32/share	$1.62/share	$1.92/share
2022 All-in payout ratio4	52%	47%	43%
2022 Net debt to annualized Q4/22 adjusted funds flow4	0.7x	0.6x	0.5x

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Comment by CanadianOil2022 on Dec 22, 2021 2:40pm

CEO Paul Colborne said $300,000,000`in 2022 Cashflows at $80 Raymond James says $12/share target.Surge's upwardly revised exit 2021 and preliminary 2022 guidance is reconfirmed as follows: Guidance @ US $70 WTI* @ US $75 WTI* @ US $80 WTI* Exit 2021 production ...more

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Comment by CanadianOil2022 on Dec 27, 2021 5:26pm

Reddit boards are saying Josh Young (Bison buying more Surge energy for his fund averaging down from his $5.50 buys Paul says he knows Joshua Young from his days in 2018 when Josh ruthlessly fired everyone at his tiny oil company CEO Paul Colborne said $300,000,000`in 2022 Cashflows at $80 Raymond James says $12/share target.Surge's upwardly revised exit 2021 and preliminary 2022 ...more

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