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Surge Energy (TSX: SGY) is a leading oil-focused exploration and production (E&P) company, producing 24,000 boepd, 87% levered to oil. Surge operates in two of the most economical plays in North America: the Sparky and SE Saskatchewan, offering significant drilling inventory.

Surge strategically targets low-risk, high-quality conventional reservoirs and boasts over 2.5 billion barrels of net original oil in place (OOIP) with an 8.7% cumulative recovery factor to date. The Company’s yearly dividend of $0.52/share is paid monthly, and they also have an NCIB. They currently trade close to their PDP value of $5.69, at a steep discount to their 1P value of $10.86 and 2P value of $16.72, with a free cash flow yield of 10%.

Surge trades on the TSX under the symbol SGY. For more information, visit www.surgeenergy.ca.