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.

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Surge Energy Inc (Alberta) > Debt is Good! Sgy can make way more money with debt!

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Comment by Tanman1914on May 07, 2022 9:51pm

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Post# 34665014

RE:RE:Debt is Good! Sgy can make way more money with debt!

Thank you Blinkie for your thoughts. Yes it depends on Investor preference. I see it as a good thing and I'm sure they pay the debt off little by little. I don't see it as an urgent need to drastically lower debt but yes as you said everyone's preference is different. If they use the debt to increase production a bit then they can pay off debt faster at these prices. I'm sure Paul and his team will have a balanced approach on that. And yes I am a younger person so I am willing to take on more risk/more reward "hopefully" haha

Thanks for your thoughts,

Tanman

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