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Bullboard - Stock Discussion Forum 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... see more

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Nice Report!
View:
Post by TickerStock101 on Jan 17, 2022 10:30am

Nice Report!

Loved the report! Also the new drilling methods they are using in Sparky! Wow! They could greatly increase Surges free cash flow with this new method!! Sounds like us long term shareholders are going to get rewarded now for the wait!

A question: At these high prices do you think selling the mount basin assets would be a good idea? Or more advantageous to keep? They could probably pay off all their debt completely in one stroke of the pen or do a combo of debt payment and find a small sask asset.
 

thoughts?

Comment by Rockyboy2015 on Jan 17, 2022 10:39am
Sell Mt. Basin! I was thinking exactly the same thing. I can't remember how much we paid but hopefully we can get $300m at $80.wti 
Comment by TickerStock101 on Jan 17, 2022 10:45am
I'm sure Paul is working on it
Comment by Tanman1914 on Jan 17, 2022 10:52am
Maybe they could sell Mount Bastion and buy Saturn Oil and Gas?? Soil.v ... don't know if that would be possible 
Surge Energy Inc (Alberta)
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