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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

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

Post by soundandfuryon Nov 04, 2021 11:38am
113 Views
Post# 34087003

Also they predict more hedge losses in 2022

Also they predict more hedge losses in 2022Anywhere from 25 million to 45 million..........this will mean sgy will lose about 100 to 120 million over 2021 and 2022...........this amount is the entire free cash flow projection for 2022.........so when you add it all up its a big fat zero in free cash over thst period.........i dpn't think you can look at one year in isolation........also sgy is virtually broke with very little if any credit remaining........
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