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) > Should payoff debt first

<< Previous

Bullboard Posts

Next >>

Comment by downtozeroon Jan 18, 2022 10:00am

136 Views

Post# 34327994

RE:RE:RE:Should payoff debt first

Good report. It would be interesting to know when NB made the original forecast. The difference is huge. It also means Paul has no intention of meeting the $218,000,000 number if he starts paying dividends at $256,000,000. Based on current oil price, they could be under $100,000,000 exit 2022 if they just focused on debt reduction. If decline is 25%, they probably need at least 10% higher CAPEX then the January report. Still lots of room though with current oil prices.

<< Previous

Bullboard Posts

Next >>

Gold begins to flow at Endeavour's Lafigué mine in Côte d'Ivoire