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ZPTAF (Surge Energy Inc.) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
Surge Energy delivered robust Q2 free cash flow, enabling dividend coverage, share buybacks, and net debt reduction. SGY's high oil weighting (86% of production) allowed strong pricing capture, with realized oil prices near C$114/bbl and net revenue exceeding C$191M. Free cash flow of C$46M in Q2 comfortably covered C$13M in dividends and C$15.3M in buybacks; net debt fell to C$173M.
At US$80–100 WTI, Surge is thriving. 16.9% FCF yield at strip, C$346M cash flow, and a 26% guidance raise to C$335M AFF, with C$5M/month buybacks underway. June 1 update strengthens the investment case. Management raised 2026 exit production guidance up to 24,000 boe/d, increased capital spending to C$175M, and now targets C$335M of AFF at US$80. At strip pricing, Surge offers a 16.9% FCF yield and around C$92M of shareholder returns through dividends and buybacks. My PV10 is C$19.5 per share, implying 95% upside from today's price.
Surge Energy Inc. (SGY:CA) Shareholder/Analyst Call Transcript
Surge Energy delivered strong 2025 results, with robust free cash flow and a well-covered 6.1% dividend at $65 oil. SGY's production mix remains oil-weighted (88% liquids), minimizing exposure to weak natural gas prices and supporting resilient cash generation. 2026 guidance assumes $65 WTI, with C$95 million free cash flow; higher realized prices could boost FCFPS to C$1.75 if oil averages $85.
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Surge Energy Inc. (OTCMKTS:ZPTAF - Get Free Report)'s share price traded up 1.4% during mid-day trading on Thursday. The stock traded as high as $6.00 and last traded at $5.74. 51,887 shares traded hands during trading, a decline of 9% from the average session volume of 56,839 shares. The stock had previously closed at
Surge Energy Inc. (OTCMKTS:ZPTAF - Get Free Report) traded up 1.6% on Wednesday. The stock traded as high as $4.85 and last traded at $4.8360. 43,045 shares were traded during mid-day trading, a decline of 25% from the average session volume of 57,409 shares. The stock had previously closed at $4.76. Wall Street Analyst
Surge Energy's Q2 results exceeded expectations, with strong production, reduced costs, and a 7% dividend yield covered at $58 WTI. Cost reductions, especially in transportation and capex, have improved my fair value estimates, but ongoing monitoring is needed for sustainability. The company offers double-digit free cash flow yields at current oil prices, with significant upside if WTI rises above $70, but risk increases below $58.
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