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) > Cash Flow

<< Previous

Bullboard Posts

Next >>

Comment by Maxmoeon Mar 01, 2021 1:14am

174 Views

Post# 32683373

RE:RE:Cash Flow

I'm not following you kherman. I read her story and yes it's about cash flow. I didn't read any accounting analysis. The editorial from the countr dude below the link is not from her story. Besides she's not pretty enough to be a Russian lap-dancer, so she must be smart or she'd be sweeping steps in Moscow.

Kherson wrote:

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