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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 Jan 17, 2022 5:41pm
183 Views
Post# 34326264

Net Debt was $320 million end of q3 2021

Net Debt was $320 million end of q3 2021Did they pay any debt off in q4? Its possible but i doubt it..........they will have more cash flow but then on the other hand they will have more hedge losses........more banking fees expenses for closeing the fire sky deal........so there wont be much left to pay debt in q4.......if their debt comes in higher than 320 million for year end 2021 it will be pretty dissappointing
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