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

Comment by Khersonon Jun 04, 2020 10:52pm

192 Views

Post# 31114673

RE:RE:RE:The only garbage i see here is the rbl process itself

Cheadle12 wrote: Total BS. Look at Crew's debt. It's neatly packed up and termed out to 2024 with no covenants.

Surge should have managed their debt better... termed it out.

Peyto also does a good job of terming out debt at good rates.

All Oil Surge have not.

This is probably why Kherson has been shorting the stock since $2.20, maybe he works for the banks syndicate?

Someone seems very intent on misconstruing my opinion on Surge! That same someone also seems very intent on misrepresenting Surge's debt situation! Very interesting!
Kherson

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