Surge Energy Inc (Alberta) T.SGY

Buzz on the Bullboards: TSX spotlight – Bombardier, Sonoro, PyroGenesis

[PressRelease]

CALGARY, AB, June 14, 2024 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Surge's notice of intention to make a normal course issuer bid ("NCIB") for its outstanding common shares ("Common Shares") in...read article.

[Jonathon Brown]

Bombardier’s aviation advancements, Sonoro’s acquisition, and PyroGenesis' biofuel contributions highlight the opportunities in the Canada. read article.

[Baystboy07]

Hopefully that sale is done and then someone takes these clowns out. GLTA

[uwebb429]

The National Bank is still listing the Surge Sawn assets for sale as of June 10th. https://twitter.com/emmpeethree/status/1800528571271979421

[uwebb429]

The Shaunavon assets depreciated significantly due to neglect. COVID was a near death experience for Surge in 2020 so I can sort of understand how Shaunavon became a non core asset. Does the oil

[Re1ndeer2]

Getting some solid Notice acceptance as a very under valued sector...

[Re1ndeer2]

Helima Croft, head of global commodity strategy at RBC Capital Markets, emphasized that the OPEC+ plan to increase oil supply is not binding. Saudi Arabia will “hit the kill switch” on a fourth

[Dibah420]

OPEC+ extends production cuts until end of 2025   June 02, 2024   Follow Saudigazette on 

[uwebb429]

https://twitter.com/emmpeethree/status/1796567936112738651

[Dibah420]

National Bank on Surge Energy "Accelerating Returns" MT Newswires - May 30, 2024 6:42 AM EDT 06:42 AM EDT, 05/30/2024 (MT Newswires) -- National Bank has noted that Surge Energy Inc.

[PreludeSH]

Assuming the same $34K per barrel  for those 3754 barrels/day, then that should be $127M .  If we are at $250M net debt right now then, Surge will be $123M Net Debt after the sale which is

[zinger99]

Any sense for a reasonable price for these 3700b/d production? This could go a long way to decreasing debt and funding greater cap invstment into our two main plays!  Maybe $180M-200M?

[uwebb429]

National Bank is once again showing that the Sawn Lake assets are still up for sale with a June bid date. https://twitter.com/emmpeethree/status/1795470432050851987 If they can get a fair price for

[uwebb429]

A 15 mile step out well to the NW of Hope Valley takes Surge to the center of the Wildmere Oil and Gas Field. 3D seismic and horizontal multi-lateral drilling will be a game changer. Good to see that

[tinkvid]

Good update!

[zack50]

Dispositions were high op cost production for 3.5x c/f that hadn't been worked for six years.   $52M of FCF after dividends will be split between debt repayment down to terminal