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Surge Energy Inc (Alberta) T.SGY

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

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

Comment by Tradestayon Nov 11, 2022 9:46pm
326 Views
Post# 35093115

RE:Lets see did not sgy sell 4,000 bpd to tve

RE:Lets see did not sgy sell 4,000 bpd to tve
We all know banks for the asset sale and made them take on the hedges, hence hey locked in debts longterm without banks, which I believe you yourself in the past showed lots of criticism. Now those rates are great in this higher environment. As per the purchase price, the assets are price in today's environment not 2021 when the buyer knows the sale is forced on surge. Plus the are not paying 225 but $200 net. At $80 oil the asset pays out in about 3.5 years with synergies in the area. Oil is close to $90. Time will tell, you said they would have been bankrupt since stick was $3 it has tripled since and also paid divy. Share float is low. Time will tell, so far 2 years in you have been completely wrong.
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