Asset PerformanceSurge exemplifies improved asset performance and favorable valuations, with its Sparky and Frobisher plays yielding some of the industry’s best wells.
Financial PerformanceProduction and cash flow per share were meaningfully above expectations, while maintaining spending levels, indicating confidence in long-term growth.
Operational PerformanceQuarterly production exceeded consensus expectations, showing strong operational performance.
ProfitabilityProfitability is supported by a good reserve report, which should convince more investors of the upside.