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.

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Surge Energy Inc (Alberta) > They are basically a slave of their hedge counter party

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Comment by fortunefavorsuson Nov 04, 2021 11:50am

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Post# 34087093

RE:They are basically a slave of their hedge counter party

So you figured out that most oil companies will lose money on their hedge positions in 2022 at current prices. SGY hedge positions are much better in 2022 and who is to say we don't average $70 oil next year? They will still generate enough free cash flow to pay down debt, pay a dividend and maybe buyback stock. I

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