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Surge Energy Inc (Alberta) T.SGY

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

Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.


TSX:SGY - Post by User

Bullboard Posts
Post by Indicatoron Jan 15, 2015 3:41pm
313 Views
Post# 23324796

Those talking in absolutes ... are you the bank?

Those talking in absolutes ... are you the bank?Yes SGY debt will rise as cash flows diminish with lower oil prices and that has investors spooked.  However, to state emphatically that banks will call in the debt is pure BS!

Banks never call in the debt of a company without first going to great lengths to discuss various options an working on solutions, especially with a seasoned management team like we have here.  SGY has hedges in place, and options to reduce debt by selling some of its great assets.

SGY's management has a stelllar reputation and is far more able than any simple minded basher here, to access and implement a viable plan of action to weather this storm.




Bullboard Posts

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