Surge Energy Inc (Alberta) T.SGY

Re: Debt

[soundandfury]

Thats because they lost control of their production ..........their decline rate caused production declines year over year which in turn made its hedges include a greater part of a declineing production.........this was caused by lack of cap ex due to no cash flow which compounded the problem.......sgy decline eats up 4000 bpd annually and thus requires constant cap ex which sgy could not do.

[Kontrary]

Thanks, I see that now. Production dropped from 17,092 BOE/day at the end of Q3/20 to 15,132 BOE/day at the end of Q2/21 (although, to be fair, some of that was due to dispositions as well as decline). Apparently it's now up to 17,642 BOE/day due to the Astra acquisition (and they only had to issue a boatload of high-priced shares and add $27M in debt to do it). I've owned Surge since

[sclarda]

Kontrary wrote Thanks, I see that now. Production dropped from 17,092 BOE/day at the end of Q3/20 to 15,132 BOE/day at the end of Q2/21 (although, to be fair, some of that was due to dispositions as well as decline). Apparently it's now up to 17,642 BOE/day due to the Astra acquisition (and they only had to issue a boatload of high-priced shares and add $27M in debt to do it). I've owned