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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) > Net Debt at $286M...$250 Target
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Comment by masfortunaon Nov 02, 2023 6:24pm
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Post# 35714734

RE:Net Debt at $286M...$250 Target

RE:Net Debt at $286M...$250 Target
PreludeSH wrote: Net Debt was reduced by $25.5M to get us to $286M.  We are still $36M away from the next Target Debt level of $250M.

Hope $36M can be paid down by end of Q4 this year

 It's possible that they hit 36 million to pay down debt but it will be tight. q4 is usually a good quarter and oil has been up in q4 thus far. all in all no surprises and a good quarter.
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