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) > Sgy breakeven price

<< Previous

Bullboard Posts

Next >>

Comment by Countrin2tiveon Mar 13, 2021 12:01pm

405 Views

Post# 32792867

RE:Sgy breakeven price

That would appear to be $43.80 US. I Believe the CEO a while back during an interview said $47 US. Either way, this company should be making a lot of money right now.

If my calculation is correct, Possibly $30 million Cdn free cash flow/Q if Prices remain current levels. Maybe somebody with a better calculator can check my work… LOL.

<< Previous

Bullboard Posts

Next >>

Changing Europe’s dependency on HREE from China