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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 Baystboy07on May 05, 2022 9:17pm
219 Views
Post# 34660844

RE:RE:What I like and don’t like

RE:RE:What I like and don’t like

The exact quote from the prior press release...

"Management estimates that Surge will be within its targeted net debt range before mid-year in 2022."

that means BEFORE June 30, 2022...the current press release says...


"Management projects that Surge's net debt target range will be achieved during Q3/22."

Do I have to explain it to you...management has missed this target...I also explained that it was probably because they bought land that they pushed that target back.

Hope that helps you understand your error now.

masfortuna wrote: Umm...July is actually mid year and part of q3.  So when they report q3 in November they will report taht they reached their target of mid-year.  Hope this helps.

 

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