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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, 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.


TSX:SGY - Post by User

Comment by twinjetton Jul 02, 2021 3:32pm
291 Views
Post# 33485458

RE:RE:The Deal

RE:RE:The DealThey were forced to make that sale last quarter by the banks. I think the horrible 53.00 hedges were also forced on Surge by the banks. The banks loved watching Surge make this last purchase of Astra using cheap shares as it gives the banks even more protection for the outstanding loans. Bottom line is this stock is going nowhere untill a quartley release comes out showing millions in FCF and a positive quarterly earnings report including any hedges. Lots of potential investors do the 5 second last quarter earnings report bottom line. Which with Surge has been negative for several quarters due to the write off of the huge 50.00 hedges and also the write off of hundreds of millions when the banks revalued all of there undrilled well sights. The good news is shortly here the well sight valves will be reviewed and raised back to where they use to be. If oil prices stay above 70 most likely 1 st quarter 2022 could be gigantic with revalued drill sights and hedges being gone.
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