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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) > Next debt target
View:
Post by unc12345 on Sep 02, 2023 4:38pm

Next debt target

Assuming 80 oil for the quarter, anyone care to hazard a guess on when we might reach the next debt target for a dividend increase?
Comment by meritmat on Sep 03, 2023 3:06pm
I see they have some property for sale in Sask. What's the estimated value of that?
Comment by PreludeSH on Sep 05, 2023 12:07am
Based on the recent CPG sale at $37,500 per flowing barrel, and assuming Surge can get the same amount per flowing barrel, them I estimate Shanavon is worth about $43M.  Ofcourse that value assumes the CPG property is the same quality as Shanavon.  I'd take a 20% haircut to be conservative, so lets guestimate Shanavon is about $34M.  
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