Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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) > How much Debt does Surge Energy have now?
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(4)
•••
Comment by Herfa1on Mar 06, 2021 5:04pm
220 Views
Post# 32737070

RE:RE:RE:How much Debt does Surge Energy have now?

RE:RE:RE:How much Debt does Surge Energy have now?Sorry to burst your Bubble, but Surge will not have paid debt in the last quarter, they probably increased their debt to finance the fourh quarter dficit. They also said that they used 39M of that 106M to pay for the first quarter of 2021 Exploration cost. I expect at 2020 year end the total debt should be around 390M. With the proceed of disposal left 67M and the estimated cash flow of 25M for the first quarter, Surge debt should be down to around 300M as of March 31. That would be very good for now.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities