10.12
-1.84%
Close of 9 Nov 2026, in CAD
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About Surge Energy Inc (Alberta)
Its shares trade on Toronto Stock Exchange under the ticker SGY.TO. It has been listed since 9 September 1998. In the fiscal year to 31 December 2025, it reported revenue of C$480.7m and net income of C$40.3m. At that date it held total assets of C$1.32bn and shareholders' equity of C$725.0m.
Surge Energy, Inc. engages in the exploration, development and production of oil and gas properties. The company is headquartered in Calgary, Alberta. The firm is positioned to provide shareholders with long term sustainability by exploiting its assets in a financially disciplined manner and by acquiring additional long life oil and gas assets of a similar nature. Its assets are comprised primarily of operated oil-weighted properties characterized by a promising original oil-in-place (OOIP) crude oil reservoirs with low recovery factors and an inventory of around 700 gross low risk development drilling locations and several water flood projects. The firm continues to identify and pursue acquisitions with synergistic characteristics such as existing long life producing assets or opportunities with low risk upside potential.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 9 Sept 1998
- Employees
- 76
- Website
- surgeenergy.ca ↗
Leadership
Pay as last reported
- Mr. James PasiekaIndependent Chairman of the BoardC$164,000
- Mr. Paul ColbornePresident, Chief Executive Officer, Director, since 2010C$2.7m
- Mr. Jared DucsChief Financial OfficerC$1.3m
- Mr. Murray ByeChief Operating OfficerC$1.3m
- Mr. Derek ChristieSenior Vice President - GeosciencesC$1.2m
- Ms. Margaret ElekesSenior Vice President - Land and Business Development, since 2018C$1.2m
- Mr. Dan KellyVice President - Finance, Controller
- Mr. Grant CutforthVice President - Business Development
- Ms. Marion BurnyeatIndependent DirectorC$129,000
- Mr. Daryl GilbertIndependent DirectorC$139,000
- Ms. Michelle GramatkeIndependent DirectorC$129,000
- Mr. Robert LeachIndependent DirectorC$129,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 39
- Environment
- 6
- Social
- 37
- Governance
- 74
- Direct emissions (scope 1)
- 257,084 t
- Energy emissions (scope 2)
- 133,153 t
- Women in the workforce
- 52%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Surge Energy Inc. has 700 gross low risk development drilling locations in Alberta.
- The company's assets include oil-weighted properties with promising OOIP reservoirs.
- Surge Energy employs 76 full-time employees in Calgary, Alberta.
Weaknesses
- Surge Energy's assets are limited to oil and gas properties in Alberta.
- The company has no mention of diversification beyond oil and gas exploration.
- Surge Energy's operations are concentrated in Calgary, Alberta, with no global presence.
Opportunities
- Surge Energy can pursue acquisitions with low risk upside potential in oil and gas.
- The firm has an inventory of 700 gross low risk development drilling locations.
- Surge Energy may expand by acquiring long life oil and gas assets in Alberta.
Threats
- Surge Energy faces risks from oil price volatility in the Energy sector.
- The company's reliance on oil and gas properties exposes it to market fluctuations.
- Surge Energy's operations are vulnerable to regulatory changes in Alberta.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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