Surge Energy Inc.

Toronto Stock Exchange:SGY.TO

Sector

⚡️ Energy

Industries

🛢 Oil Sands

🛠 Drilling

💨 Gas

🚰 General Utilities

⛽ Oil & Gas

Location

Canada

Market Cap

USD 482.61 M

Share Price

USD 4.87

Avg Daily Volume

499,803

Change (1 day)

-0.06%

Change (1 year)

-2.11%

Change (YTD)

21.21%

Surge Energy Inc. EBIT for the year ending December 31, 2024: USD -17.54 M

Surge Energy Inc. EBIT is USD -17.54 M for the year ending December 31, 2024, a -141.37% change year over year. EBIT means earnings before interest and taxes, it is calculated as operating income plus non-operating income.

Surge Energy Inc. EBIT for the year ending December 31, 2023 was USD 42.40 M, a -69.97% change year over year.
Surge Energy Inc. EBIT for the year ending December 31, 2022 was USD 141.18 M, a -57.97% change year over year.
Surge Energy Inc. EBIT for the year ending December 31, 2021 was USD 335.94 M, a -163.32% change year over year.
Surge Energy Inc. EBIT for the year ending December 31, 2020 was USD -530.50 M, a 311.65% change year over year.

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Key data

Date	EBIT	EBITDA	Net Income	EPS (Diluted)

Toronto Stock Exchange: SGY.TO

Surge Energy Inc.

CEO	Mr. Paul Colborne
IPO Date	Sept. 9, 1998
Location	Canada
Headquarters	2100, 635 – 8th Avenue S.W.
Employees	83
Sector	⚡️ Energy
Industries Oil Sands 🛠 Drilling 💨 Gas 🚰 General Utilities ⛽ Oil & Gas

Description

Surge Energy Inc. explores for, develops, and produces oil and gas in western Canada. The company holds interest in the Greater Sawn Lake assets located in Northern Alberta; Valhalla/Wembley property located in northwestern Alberta; Sparky assets located between Provost and Wainwright in eastern Alberta and western Saskatchewan; and Shaunavon properties located to the southwest of Swift Current, Saskatchewan. It holds an average working interest of approximately 84% in approximately 123,884 net developed acres and approximately 83% in approximately 68,031 net undeveloped acres in Greater Sawn area; approximately 70% in approximately 22,920 net developed acres and approximately 72% in approximately 10,680 net undeveloped acres in Valhalla area; and approximately 90 % in approximately 59,655 net developed acres and 98% in approximately 47,398 net undeveloped acres in Sparky area. As of December 31, 2021, it held interests in 362 net oil and 20 net gas wells in Greater Sawn area; 100 net oil and 9 net gas wells in Valhalla area; 424 net oil and 6 net gas wells in Sparky area; and 185 net oil wells, as well as an average working interest of approximately 100% in approximately 24,249 net developed acres and 12,021 net undeveloped acres in the Shaunavon properties. The company was formerly known as Zapata Energy Corporation and changed its name to Surge Energy Inc. in June 2010. Surge Energy Inc. was incorporated in 1998 and is headquartered in Calgary, Canada.