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

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

Surge Energy Inc. is a Canada-based oil focused exploration and production company. The Company’s business consists of the exploration, development and production of oil and gas from properties in western Canada. Its operations include Sparky and SE Saskatchewan. Its supporting assets include Valhalla, Greater Sawn and Shaunavon. The Sparky operation offers light/medium crude oil production... see more

Bullboard (TSX:SGY)

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Post by uwebb429on May 31, 2024 4:24pm

National Bank on Surge Energy

https://twitter.com/emmpeethree/status/1796567936112738651
Post by Dibah420on May 30, 2024 4:48pm

NA

National Bank on Surge Energy "Accelerating Returns" MT Newswires - May 30, 2024 6:42 AM EDT 06:42 AM EDT, 05/30/2024 (MT Newswires) -- National Bank has noted that Surge Energy Inc.  ...more  
Comment by PreludeSHon May 30, 2024 3:59pm

RE:RE:Surge Asset Sale

Assuming the same $34K per barrel  for those 3754 barrels/day, then that should be $127M .  If we are at $250M net debt right now then, Surge will be $123M Net Debt after the sale which is ...more  
Comment by zinger99on May 30, 2024 3:50pm

RE:RE:Surge Asset Sale

Any sense for a reasonable price for these 3700b/d production? This could go a long way to decreasing debt and funding greater cap invstment into our two main plays!  Maybe $180M-200M?
Comment by uwebb429on May 30, 2024 3:23pm

RE:Surge Asset Sale

National Bank is once again showing that the Sawn Lake assets are still up for sale with a June bid date. https://twitter.com/emmpeethree/status/1795470432050851987 If they can get a fair price for ...more  
Comment by uwebb429on May 30, 2024 2:47pm

RE:Highlights of conference call/webcast...

A 15 mile step out well to the NW of Hope Valley takes Surge to the center of the Wildmere Oil and Gas Field. 3D seismic and horizontal multi-lateral drilling will be a game changer. Good to see that ...more  
Post by zack50on May 30, 2024 12:56pm

Highlights of conference call/webcast...

Dispositions were high op cost production for 3.5x c/f that hadn't been worked for six years.   $52M of FCF after dividends will be split between debt repayment down to terminal ...more  
Post by Westcoastenergyon May 30, 2024 10:16am

Canaccord reiterates its buy recommendation,$11 target price

High grades for high-grading; non-core asset sale expedites debt reduction with 8% bump to dividend Wednesday after market, SGY announced an 8% dividend increase alongside its Phase 2 return of ...more  
Comment by Al42on May 30, 2024 9:12am

RE:RE:RE:SURGE ENERGY INC. ANNOUNCES NON-CORE ASSET SALES

Exactly..besides it gave most of it back yesterday.
Comment by pennydredfulon May 30, 2024 9:05am

RE:RE:SURGE ENERGY INC. ANNOUNCES NON-CORE ASSET SALES

What    run    ?     A few   pennies   is   a run ? 
Comment by Baystboy07on May 30, 2024 6:16am

RE:RE:SURGE ENERGY INC. ANNOUNCES NON-CORE ASSET SALES

That seems to have coincided with National Bank taking the asset of their list of oil assets for sale. So it might have been National Bank tipping the whole market.
Post by Jonathon Brownon May 30, 2024 5:01am

Buzz on the Bullboards: Volatility persists in the face of economic indicators

Post by uwebb429on May 30, 2024 1:33am

Hope Valley

Hope Valley is home to Surge Energy's exciting new Sparky play. Surge plans to drill an additional six multi-lateral wells at Hope Valley this year. This is near the Wildmere Oil and Gas Field ...more  
Comment by PreludeSHon May 29, 2024 10:23pm

RE:RE:RE:Surge paid $240M for Shaunavon for 3600bpd ($67K per barrel)

I forecasted pretty accurately...Surge sold their barrels for $34K per barrel...I guessed $35K.  
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