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Surge Energy Inc (Alberta) T.SGY

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

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.


TSX:SGY - Post by User

Surge Energy Inc (Alberta) > $1,300,000 (Cdn) Cash Flow/Day???
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Comment by stocks123STon Mar 23, 2022 11:10am
185 Views
Post# 34537714

RE:$1,300,000 (Cdn) Cash Flow/Day???

RE:$1,300,000 (Cdn) Cash Flow/Day???That is not the price SGY is getting!!!
I think, the hedge is just less than $80...
I'm not sure, but the market price is minimal at best: maybe 1-2000 b/d...
The hedge is a two edged sword!

With a 22 month hedge of $80/b, Paul could announce that the dividend would be 
safe for the next 2 years or so...
VET stock more than doubled after Mar 07 when they announced that they were reinstating the
dividend: that is 2 weeks!!!
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