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, Greater Sawn and Shaunavon. 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 potential for continued area consolidation. The Valhalla operation is offering stacked pay multi-zone potential with light oil and provides range of area infrastructure and access to multiple egress options supports attractive operating netbacks. The Shaunavon operation is producing low decline, medium gravity crude oil with high operating netbacks. Its Greater Swan operation consists of concentrated light oil asset with conventional slave point reefs.

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Surge Energy Inc (Alberta) > Well that was my whole point

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Comment by Tradestayon Nov 04, 2021 1:04pm

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Post# 34087491

RE:Well that was my whole point

That's a terrible point You are not considering the $120M they will spend for 2022 Exploration and Developmental Capital. Spending this $120M is to keep production flat and exit 2022 at 21500 Bpd. At $65 WTI they project FCC of $95M and at $75 which is most probably scenario $140M. So they will not be in same position at end of 2022, at this oil price they will be in a far better position with lower debt which translate to lower borrowing cost as well.

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