Surge Energy Inc (Alberta) T.SGY

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

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) > Q3 '21 Net Debt Down $50,203,000.00 From Q3 '20

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Comment by geezer21on Nov 16, 2021 10:24pm

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Post# 34134621

RE:RE:RE:RE:Q3 '21 Net Debt Down $50,203,000.00 From Q3 '20

https://stockhouse.com/companies/bullboard?symbol=t.sgy&postid=34134437

"It is a non-cash item that is largely meaningless. Oil and Gas companies have to value ALL of their reserves every year based on pricing assumptions made at the time the valuation is done.If you go back through the annual reports, you will see this number flipping back and forth each year." - Kontrary

A non-cash asset but still an asset with value none the less.

In a sale the value of that asset would not get passed over.

It would bring cash in the sale.

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