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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, 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 geezer21on Nov 18, 2021 7:20am
251 Views
Post# 34139616

Q1 to 3 2021 vs Q 1 to 3 2020, Net Debt Down

Q1 to 3 2021 vs Q 1 to 3 2020, Net Debt Down

Q1 to 3 2021 vs Q 1 to 3 2020


          in thousands                                  9 Months             
                                                    Sep 30 '21    Sept 30 '20

Net & Comprehensive Income     364,740      - 689,570
  Income per share diluted              7.63            (17.51)


Assets                                          1,156,821      707,964
Shareholder Equity                       1,595,569   1,482,249
Deficit                                           1,242,109    1,549,122

Total Shareholder Equity                410,096      (9,722)

___________________________________________________

 Change from first 3 quarters 2020 to first 3 quarters 2021

-  Net and Comprehensive income up  $1,054,310,000
-  Income per diluted share             up  $25.24
-  Assets                                          up   $448,857,000
-  Deficit                                       down  $307,013,000

-  Total Equity                                  up   $419,818,000

Change in Q3 2021 Net Debt from Q3 2020

                                                    Down  $50,203,000
Financial Report:

https://www.surgeenergy.ca/wp-content/uploads/2021/11/Q3-2021-FS-SEDAR-Final.pdf
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