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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) > How much Debt does Surge Energy have now?
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Comment by pppon Mar 06, 2021 7:51pm
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Post# 32737432

RE:RE:RE:RE:RE:How much Debt does Surge Energy have now?

RE:RE:RE:RE:RE:How much Debt does Surge Energy have now?They also stated they spent 9 mil for drilling in Q4, So they would have had more than enough CF to cover that. So based on that, after the sale debt will be 270 mil. Add to that FCF for 21 of about 30 mil. based on 55 mil Capex and 80 to 90 mil CF. So exit 21 debt should be 230 to 240 mil. These guys went from zeroes to heroes.
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