Surge Energy Inc.
Surge Energy Inc. (TSX: SGY) is trading at CA$11.16, about ₹755 at today's CAD/INR rate, as of 29 Sep 2026, 10:55 AM ET, down 0.15% today. Indian residents can buy Surge Energy from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$11.00
Today's high
CA$11.23
52 week low
CA$6.42
52 week high
CA$12.70
SGY opened at CA$11.12, closed previously at CA$11.18, and has traded between CA$6.42 and CA$12.70 over the past 52 weeks.
About
Operating in western Canada, Surge Energy Inc. is engaged in the exploration, development, and production of petroleum and natural gas resources. Its portfolio includes significant interests in several key regions: the Greater Sawn Lake area in Northern Alberta; the Valhalla/Wembley property situated in northwestern Alberta; the Sparky assets, spanning eastern Alberta (between Provost and Wainwright) and western Saskatchewan; and the Shaunavon properties, positioned southwest of Swift Current, Saskatchewan. Across these holdings, the company maintains substantial average working interests: approximately 84% in 123,884 net developed acres and 83% in 68,031 net undeveloped acres within the Greater Sawn region; about 70% in 22,920 net developed acres and 72% in 10,680 net undeveloped acres in the Valhalla area; and roughly 90% in 59,655 net developed acres and 98% in 47,398 net undeveloped acres in the Sparky area. As of December 31, 2021, its operations encompassed 362 net oil and 20 net gas wells in Greater Sawn; 100 net oil and 9 net gas wells in Valhalla; 424 net oil and 6 net gas wells in Sparky; and 185 net oil wells in the Shaunavon properties, where it also holds an average working interest of around 100% in 24,249 net developed acres and 12,021 net undeveloped acres. Incorporated in 1998, the company adopted its current name, Surge Energy Inc., in June 2010, having previously operated as Zapata Energy Corporation. Its corporate headquarters are located in Calgary, Canada.
Key statistics
Avg. volume
752.06K
Market cap
CA$1.11B
P/E Ratio
25.31
Price-to-sales ratio
1.98
Enterprise value
CA$1.29B
Free cash flow yield
11.68%
Debt-to-equity ratio
0.31
Return on equity
6.18%
ROIC
8.76%
Beta
0.63
Dividend yield
4.66%
Last dividend
CA$0.52
Financial overview
Revenue
CA$480.72M
Earnings per share
CA$0.41
Free cash flow
CA$100.42M
Net profit margin
8.01%
Gross margin
39.27%
EBITDA
CA$266.19M
Revenue growth
-27.74%
Similar securities
This is not an investment recommendation
How to buy Surge Energy from India
Indian residents can buy Surge Energy shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to CAD.
Search for Surge Energy and place an order
Find Surge Energy by name or by its ticker, SGY, and choose an order type. Surge Energy trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Surge Energy position in CAD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Surge Energy from India
Trading and taxes when buying Surge Energy from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Surge Energy’s current yield is 4.66%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Surge Energy stock?
Yes. Surge Energy (SGY) has been listed on the Toronto Stock Exchange since 1998, in the Oil & Gas Exploration & Production industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to CAD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Surge Energy share cost in rupees?
One Surge Energy share is CA$11.16 — about ₹755 at a CAD/INR rate of 67.65 on 28 Sep 2026. Both the Surge Energy price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Surge Energy from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
How are gains on Surge Energy shares taxed in India?
Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the CAD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Surge Energy price. Paasa issues a capital-gains statement for your return.
Does Surge Energy pay a dividend, and how is it taxed in India?
Yes. Surge Energy pays a dividend and the current yield is 4.66%; the last declared dividend was CA$0.52 per share, about ₹35.18. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Surge Energy from India?
The Toronto Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when Canada is on standard time. Orders can only execute during that window.
Do I have to declare Surge Energy shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Surge Energy holding, its cost and its closing value.
How do I sell Surge Energy and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in CAD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.
Does the rupee rate affect what I make on Surge Energy?
Yes. Surge Energy is priced in CAD, so your rupee outcome combines the CAD move with the CAD/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.