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Surge Energy Inc (Alberta) T.SGY

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

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

Post by soundandfuryon Dec 04, 2021 11:08am
255 Views
Post# 34198331

They had a bank review on Nov 30th

They had a bank review on Nov 30thOil price tanked again back to q2 levels...........what we need now is an update on what the banks told them? What are the revised free cash flow guidance ? And new guidance on their 2022 hedge program? Also are they currently trying to sell the company? They have stated that the banks were not going to force a sale of the company in 2021 but they never said anything about after 2021.......was the sale put off entirely or simply in 2021? I think sgy management is rather quiet for whatever reason given that investors have alot of unanswered questions......hmmmm
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