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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 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

Post by soundandfuryon Jan 17, 2022 6:23pm
132 Views
Post# 34326394

Re: Walking back numvers

Re: Walking back numversBecause the banks still control their hedge stategy.........and for whatecer reason they are very fearful of a oil price drop so they layer on more hedges .........this in turn loweres free cash estimates..........its very difficult for sgy to let itself succeed ...........timidity in the market is a symptom of past trauma.......
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