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Surge Energy Inc (Alberta) T.SGY

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

Energy Oil & Gas E&P
Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.


TSX:SGY - Post by User

Surge Energy Inc (Alberta)
Bullboard Posts
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Comment by blade86caon Jan 12, 2015 1:56am
224 Views
Post# 23308247

RE:RE:RE:RE:Analysts are sleeping again

RE:RE:RE:RE:Analysts are sleeping againBased on Surge Jan presentation they are hedged in 2016 

RISK MANAGEMENT / HEDGING STRATEGY
Oil Hedges
Average Oil Hedge Price
 The Company has an orderly, on-going,
risk management / hedging program
designed to lock in future cash flows to
protect the Company’s capex program
and fund dividends.
 Surge has 4,750 barrels per day of WTI
oil hedged at CAD$100.76 for the first
half of 2015 and 2,000 barrels per day
of WTI oil hedged at CAD$93.27 for the
second half of 2015 .
 Surge has 7,586 mcf per day of AECO
natural gas hedged at CAD$4.14 for
2015.
WCS Differential
Hedges
bbls/d
hedged
WTI-less
USD$/bbl
2015 2,500 $22.17
2016 1,000 $21.75
EDM Light Differential
Hedges
bbls/d
hedged
WTI-less
USD$/bbl
Q1 2015 1,000 $8.50
16
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities