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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

Post by unc12345on Jan 20, 2022 1:43pm
229 Views
Post# 34338346

Future

FutureI look at things pretty simply and what I see is this.  I have no idea whether oil will stay at these elevated levels, even though signs say they will for a bit.  If we stay here for even 2 quarters, we get to pay down a massive amount of debt given the free cash flow we are making.  Once that happens, the company is back on solid footing and can be a cash flow machine and return that cash flow to investors in the form of dividends, as it did before, but hopefully in a more sustainable way.  Even if oil drops, which it should at some point (maybe?), we will still be in a stable position to operate going forward.

Long time holder here, still well under water, but hoping for some return of cash in my future, and a stock price that steadily climbs.
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