Surge Energy Inc (Alberta) T.SGY

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

Energy Oil & Gas E&P

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.

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Surge Energy Inc (Alberta)

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Comment by ocean112on Dec 04, 2014 9:27am

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Post# 23194133

RE:Paul going into hibernation

You are raising a very good point large. The numbers don't add up unless they disclose how much CAPEX they are actually cutting. There is no magic in the numbers. If they cut CAPEX - production falls to 20,000 or so - ok - thats fine. But then cashflow falls proportionally, and if debt falls by only 11 million - thier Debt to Cash flow is going to go much higher given thier current debt level.

The numbers just don't seem to add up. You're trading one metric (payout) for another (debt to cashflow).

Unless i'm missing something.

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