FRC
FRC Logo
Sign InGet Access

Connect With Us

Stay updated with our latest research and insights

Fundamental Research Corp Logo

Highly ranked equity research firm providing institutional grade tools and analysis to all investors worldwide. Trusted by global investors for over 20+ years.

20+ Years
Rate us on TrustpilotLeave a review

Policies

  • Privacy Policy
  • Terms of Service
  • Disclaimer

Company

  • About Us
  • Our Team
  • Contact Us
  • Leave a Review

Resources

  • Videos
  • Research Reports
  • Community
  • FAQ
  • How to use FRC

Browse

  • Stock Directory
  • Stock Screener
  • Market Intel Weekly
  • Report Archive

Trackers

  • Congress Trading
  • Senate Trading
  • Congress Net Worth
  • Commodities

© 2026 Fundamental Research Corp. All Rights Reserved.

Professional investment research since 2003

Home
Research
Get Access
Sign In
Company ProfileSurge Energy Inc.
  • Company Overview
  • Financial Data
  • Peer Comparison
  • Ownership & News
  • Discussion
SGY.TO
Surge Energy Inc. Stock AnalysisComprehensive stock analysis for Surge Energy Inc. (SGY.TO) including live price, Snowflake performance metrics, financial statements, and investment research.Stock AnalysisSGY.TO
SGY.TO
Surge Energy Inc.
  • Company Overview
  • Financial Data
  • Peer Comparison
  • Ownership & News
  • Discussion
SGY.TO
Home🔹Stocks🔹Surge Energy Inc.

Surge Energy Inc.

🇨🇦SGY.TO•TSX

Surge Energy Inc.

🇨🇦SGY.TO•TSX
Market cap
$1.32B
Sentiment

Your view on SGY.TO

Mkt Cap
$1.32B
Sentiment
Your view
Company Overview

Overview

What the company does, where it operates, and who runs it.

About Surge Energy Inc.

Industry
Oil & Gas Exploration & Production
Sector
Energy
CEO
Paul Colborne
Headquarters
2100, 635 – 8th Avenue S.W., Calgary, AB, CA
Industry
Oil & Gas Exploration & Production
Sector
Energy
CEO
Paul Colborne
Headquarters
2100, 635 – 8th Avenue S.W., Calgary, AB, CA
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.

Financial Data

Stock Data

Price chart, volume, and trading data.

Fair Value

What FRC thinks it is worth vs. the current price.

FRC's fair value estimate for Surge Energy Inc., and the rating behind it. SGY.TO last traded at C$13.29, 30.2× trailing earnings — the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.

Financial Ratios

Profitability, returns, valuation, and leverage ratios.

Valuation, profitability, liquidity and leverage ratios for Surge Energy Inc.. Starting points for Surge Energy Inc.: P/E 30.2, EPS C$0.45, beta 0.63 — an Oil & Gas Exploration & Production name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.

Dividend Analysis

Yield, payout ratio, and dividend coverage metrics.

Dividend history, yield and payout sustainability for Surge Energy Inc.. Surge Energy Inc. paid C$0.52 per share over the last year — a 3.9% yield at the current C$13.29 price. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.

Earnings Analysis

EPS history, beat rate, and upcoming earnings reports.

Reported vs. expected earnings history for Surge Energy Inc.. Trailing twelve-month EPS for Surge Energy Inc. stands at C$0.45. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.

Financial Statements

Income statement, balance sheet, and cash flow statements.

Income statement, balance sheet and cash flow history for Surge Energy Inc.. Surge Energy Inc. has reported as a listed company since 1998. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.

Peer Comparison

Comparables

List of peer companies in the same industry.

Surge Energy Inc. valued side by side against its closest peers. Surge Energy Inc. is measured against Oil & Gas Exploration & Production peers within the Energy sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.

Ownership & News

Institutional Ownership

Premium

Which funds and firms own the stock.

Which institutions hold Surge Energy Inc., and how their positions are changing. At a C$1.32B market value, institutional positions materially move Surge Energy Inc.'s register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.

Insider Trading

Premium

Recent buying and selling by company executives.

Buying and selling by Surge Energy Inc. executives and directors. Shares of Surge Energy Inc. have traded between C$4.37 and C$7.84 over the past 52 weeks — context for the timing of the transactions below. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.

Senate Trading

Premium

U.S. Senator disclosures filed under the STOCK Act.

U.S. Senate disclosures naming Surge Energy Inc.. Surge Energy Inc. is a C$1.32B Energy company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.

House Trading

Premium

U.S. Representative disclosures filed under the STOCK Act.

U.S. House of Representatives disclosures naming Surge Energy Inc.. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.

News

Latest headlines and market coverage.

Latest headlines and company announcements for Surge Energy Inc.. Coverage tracks Surge Energy Inc. within Oil & Gas Exploration & Production (Energy). Press releases and market coverage, newest first.

Discussion

Comments

Comments and replies from FRC members about this company.

Peer companies

  • LGN.VLogan Energy Corp.
  • MATR.TOMattr Corp.
  • NOA.TONorth American Construction Group Ltd.
  • OBE.TOObsidian Energy Ltd.
  • SOIL.TOSaturn Oil & Gas Inc.
  • TAL.TOPetroTal Corp.
  • TNZ.TOTenaz Energy Corp.

More Oil & Gas Exploration & Production companies

  • OECPFOracle Energy Corp.
  • OEDVQOsage Exploration and Development, Inc.
  • OEL.AXOtto Energy Limited
  • OIGLFChariot Limited
  • OILCFPermex Petroleum Corporation
  • OILSFSaturn Oil & Gas Inc.
  • OKMNOkmin Resources, Inc.
  • OMA.AXOmega Oil & Gas Limited
  • OOAGOMDA Oil and Gas, Inc.
  • OODHOrion Diversified Holding Co. Inc.
  • ORC-B.VOrca Energy Group Inc.
  • ORXGFOrca Energy Group Inc.

ETFs holding Surge Energy Inc.

Largest holders, then the funds most concentrated in SGY.TO · % = share of the fund

  • AVDVAvantis International Small Cap Value ETF0.12%
  • DISVDimensional - International Small Cap Value ETF0.12%
  • AVDEAvantis International Equity ETF0.01%
  • DFICDimensional - International Core Equity 2 ETF0.01%
  • XCS.TOiShares S&P/TSX SmallCap Index ETF0.46%
  • GWXState Street SPDR S&P International Small Cap ETF0.05%
  • QCN.TOMackenzie Canadian Equity Index ETF0.02%
  • TTP.TOTD Canadian Equity Index ETF0.02%
SGY.TO Analysis
Fair
Past4
Growth1
Health4
Profit2
Value1

News

Latest Market News

No comments yet

Be the first to ask a question or say what you make of Surge Energy Inc.