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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 zack50on Feb 03, 2022 9:43am
142 Views
Post# 34392640

Surge thinks its interest rate is just fine...

Surge thinks its interest rate is just fine...Some of you folks are obviously not aware that Surge is actually thrilled at the interest rate of 8.85% that they have locked in for 5 years. According to PC, it's one of the lowest rates a company of Surge's size very seldom gets access to, on term debt at reasonable terms. Their rate is better than Baytex's rate and they are a 75 000 barrel company.




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