Surge Energy Inc. Overview
Pro stress-test →Surge Energy Inc. explores, develops, and produces oil and gas in western Canada, with principal properties located in Sparky, Southeast Saskatchewan, Carbonates, and Minors in Manitoba, Alberta, and Saskatchewan. The company offers exposure to two of the top five conventional oil growth plays in Canada with exceptional economics and extensive drilling inventory.
Strategic Profile
Pro stress-test →Revenue is derived primarily from the sale of oil, natural gas liquids, and natural gas. Recent Q2 results exceeded expectations with strong production, reduced costs, and dividend yields covered at $58 WTI. The company maintains low on-stream costs with extensive drilling and waterflood inventory providing sustainable growth potential.
Competitive Landscape
Pro stress-test →Surge is positioned to provide long-term sustainability through disciplined financial management and acquisition of similar long-life oil and gas assets. Competitors include larger Canadian E&P majors (Cenovus, MEG Energy) and mid-cap peers, but Surge's low-cost structure and focus on light-oil conventional plays differentiate its competitive position.
Industry Context
Surge Energy Inc. operates in Oil & Gas Exploration & Production (E&P).
Key facts
Founded: 1998 · Headquarters: Calgary, Canada · Employees: N/A · Revenue: N/A · Market cap: $753.45M CAD