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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

Comment by pennydredfulon Feb 02, 2022 4:40pm
170 Views
Post# 34390796

RE:Payoff debt & Investors will come

RE:Payoff debt & Investors will comeThere  is nothing  good  about being debt free  in  a  low interest rate environment  , where low  interest cost tax deductible  borrowed  funds  can  be put to use  in business to earn a higher return. If   one has  credit card type interest debt  , it  should be paid off  and/or replaced   with low cost debt. The  oil and gas industry is capital intensive  so all sources of capital avalable should be  under consideration. 
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