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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

Comment by pppon Mar 06, 2021 10:16pm
320 Views
Post# 32737753

RE:I get 83 million cffo in 2020

RE:I get 83 million cffo in 2020

Net Debt  End of 19

Bank debt
Accounts receivable
Prepaid expenses and deposits Accounts payable and accrued liabilities Dividends payable
Convertible debentures

Total

(316,404) 41,486 4,875

(40,848) (2,719) (68,699) (382,309)

December 31, 2019 and 2018 Management Discussion and Analysis

($000s)

 

As at December 31, 2019



Net Debt q3 20

Bank debt
Accounts receivable
Prepaid expenses and deposits Accounts payable and accrued liabilities Dividends payable
Convertible debentures

Total

(296,055) 25,205 4,900

(33,507) —

(70,536)

(369,993)

September 30, 2020 and 2019 Management Discussion and Analysis

($000s)

As at September 30, 2020

page17image1904926640page17image1904926928page18image1924396240 page18image1924396528page18image1924396816 page18image1924397104
IMO, they won't be able to pay more than 5-6 mil off in Q4 as their CF should be around 18 mil. Capex 10- 12 mil Hope its more. So exit 20 with 365 mil debt. Started 20 with 382.3 debt 
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