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) > Q4 and annual results

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Comment by Herfa1on Mar 09, 2021 6:18pm

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Post# 32755990

RE:Q4 and annual results

For some that were expecting a big reduction in debt. We are exectly to what we were a year ago. Let see what are their hedging arw for the first six month. I expect debt to be close to 300M at the end of March. If oil stay between 60-65 until june, we should be close to 250M by the end of june. At this point, Surge will be above $1.00 and will start to attract new investor.
I am staying long. Being with Surge before they bought Bastion.

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