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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, 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

Surge Energy Inc (Alberta) > Maybe even a bump in FCF from natural gas

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Post by fortunefavorsuson Feb 06, 2022 12:32pm

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Post# 34402406

Maybe even a bump in FCF from natural gas

Not a big part of their revenue but they mention adding more natural gas production and they have good hedging prices in natural gas this quarter. I believe prices are going higher as we get further into winter. Every little bit helps.

• Completed a 45 km gas gathering pipeline in SE Saskatchewan allowing Surge to reduce flared gas volumes in the region by ~95% • Completed a gas conservation project in SW Saskatchewan, conserving 90% of previously flared gas.

Saturday Morning NG Good News


Projected Daily Natural Gas Storage Withdrawal For February 05
Today's Projection	Historical Comparison
-50 BCF	Vs. Yesterday:	-43 BCF	Down -7 BCF
	Feb 5, 2021:	-24 BCF	25 BCF Bullish
	5-Year Average:	-22 BCF	28 BCF Bullish
Summary
Today's projected -50 BCF withdrawal is 7 BCF greater than yesterday's -43 BCF draw. It is 25 BCF bullish compared to last year's -24 BCF draw and 28 BCF bullish versus the 5-year average -22 BCF/day draw.