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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 Chris007on Mar 21, 2021 1:04am
212 Views
Post# 32846290

RE:RE:RE:RE:WHO IS LOSING PATIENCE .?

RE:RE:RE:RE:WHO IS LOSING PATIENCE .?You can find the company's 2021 hedges on the year end md&a (page 21).

https://www.surgeenergy.ca/wp-content/uploads/2021/03/sgy-Q42020MDA-SEDAR.pdf

Definitely not great in the current price environment, but not too terrible. Atleast a substantial portion of production is unhedged, allowing the company benefit from the fairly strong price performance in crude so far this year.

daniel004 wrote: Sorry Wintershere. Not meant for you, I need to stop making posts after a few beers.
daniel004 wrote:
winterishere wrote: Not me, I'm happy with the hedges and asset sale.

Do you actually know SGY's current hedged position? Please share.
Asset sale was a no-brainer.
GLTA, Dan




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