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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

Surge Energy Inc. is a Canada-based oil focused exploration and production company. The Company’s business consists of the exploration, development and production of oil and gas from properties in western Canada. Its operations include Sparky and SE Saskatchewan. Its supporting assets include Valhalla, and Greater Sawn. The Sparky operation offers light/medium crude oil production with compelling returns. The SE Saskatchewan operation maintains asset base oil operating netbacks. It has low-cost wells with short payouts and the potential for continued area consolidation. The Valhalla operation offers a stacked pay multi-zone potential with light oil and provides a range of area infrastructure and access to multiple egress options supports attractive operating netbacks. Its Greater Swan operation consists of concentrated light oil assets with conventional slave point reefs.


TSX:SGY - Post by User

Bullboard Posts
Post by twinjetton Oct 03, 2014 5:22pm
413 Views
Post# 22997700

Surge Hedged amounts

Surge Hedged amountsWith oil prices dropping like a rock every day I thought it might be a good time to check out Surges current hedges. Looking at there Sept. presentation they show a slide that says for QTR 3 and QTR 4 of 2014 they have 7100 Bbls per day hedged at a Canadian price of $99.54 this represents 51% of there production. For 2015 they only have 34% of total production hedged at $100.76 per bbl. I wish 2015 had a higher % hedged but for the rest of 2014 the 51% hedged will help. How low will WTI goto?
Bullboard Posts