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.

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Surge Energy Inc (Alberta) > Cash Flow

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Comment by Khersonon Feb 28, 2021 10:25pm

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Post# 32683157

RE:Cash Flow

Countrin2tive wrote: SGY is small cap, but this article applies big time if you believe it.

Why Big Oil Expects Record Cash Flow In 2021 | OilPrice.com

SP is restrained as perhaps speculation is that Y20/Q4 earnings won't look very good. But when Q1 21 earnings come out in May...could be real progress if there is serious cashflow and paydown of debt that will come with it. Less debt=more shareholder equity. Maybe a buy opportunity realized before this.

Yet again, Tvestana lack of knowledge on most topics that she writes about is most evident in the above article. The article is actually about "Free Cash Flow", but sadly Tvestana does not understand the concept!
Kherson

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