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Surge Energy Inc (Alberta) T.SGY

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

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

Post by soundandfuryon Jan 28, 2021 5:28pm
211 Views
Post# 32414520

For what it's worth

For what it's worthI crunched some numbers and came up with 37 million cash flow in excess of cap ex and dividend for 2020 for an all in payout ratio of 45%...................the three costs they listed in the update are basically unchanged compared to previous years.........q4 will not be as good as q1 and will however be better than q3 so estimated q4 cash flow @20 million.......not sure how much cap ex they spent in q4 so i estimated 7 million............bottom line is they should have 37 million to put on debt or fund cap ex in 2021
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