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) > Actually sgy is not printing money

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Post by soundandfuryon Aug 19, 2021 7:36pm

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Post# 33737682

Actually sgy is not printing money

They lose 25 million in q2 and will do about the same in q3 and q4...........with 300 million net debt they are cash flow negative for a long time......they hold out some hope for q4 2022 but thats a long way off......i dont see how they can make it that long......pauls circus act is not getting much applause from mr market and rightfully so....imo

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