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, Greater Sawn and Shaunavon. 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 potential for continued area consolidation. The Valhalla operation is offering stacked pay multi-zone potential with light oil and provides range of area infrastructure and access to multiple egress options supports attractive operating netbacks. The Shaunavon operation is producing low decline, medium gravity crude oil with high operating netbacks. Its Greater Swan operation consists of concentrated light oil asset with conventional slave point reefs.

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Surge Energy Inc (Alberta) > What does everyone think of the new report?

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Comment by Baystboy07on Mar 09, 2022 7:49pm

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RE:What does everyone think of the new report?

Looks pretty good considering the hedges that were there....I don't like the fact net debt went up by $12 million from last quarter...I do figure that it is as a result of the drilling done in Q4....I think Q1 will show a cleaner picture of the company as all the very horrible hedges rolled off as of Dec 31st....next quarter should be very good. GLTA

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A junior copper-gold stock trading at a bargain of monumental proportions