Surge Energy (SGY.TO and ZPTAF) Update - Nov 21

[dan_s]

We just ended an hour long webinar with Surge. Everything I heard today confirms my forecast/valuation model assumptions.
My valuation is $16.00Cdn, which translates to ~$12.00US per share. At the time of this post ZPTAF was trading at $5.99US.

Before we went live, Surge told me that they will exceed their 2023 exit production rate target of 25,000 Boepd. Based on their well completion schedule, Surge should be reporting significant quarter-over-quarter production increases for Q4 and Q1.

I will finish my review of the updated Surge profile today and we will be sending it out to our global membership tomorrow morning.

Thanks all of your that attended the live webinar. Having a good number of people on the live events helps me get more companies to host webinars and luncheons for us.

[Fraser921]

Sounded like Surge appreciates your efforts.

Late in the call they said they looked at Gear Energy and passed but the "news" is Gear is actively trying to sell themselves