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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 Maxmoeon May 03, 2021 11:55pm
133 Views
Post# 33121349

RE:RE:FINACIALS

RE:RE:FINACIALSHey pointless, I thought you said you buy flow thru there mr big shot BSman. Flo thru issues are a 4 month hold private placement, so they won't affect the market until mid July. That's the main reason retail schmucks don't buy them. That and the premium. What a schmuck.
pointer wrote:
Sheshe1234 wrote: Closing is now expected on or about May 13, 2021 and is subject to Toronto Stock Exchange and other necessary regulatory approvals. Surge anticipates releasing its Q1/21 financial statements on or before May 14th, 2021 .


We have some hedges that won't help a lot, but the numbers should still be pretty decent, and we should be paying down debt at a reasonable clip.

The flow-through issue will cap us until then, but after that?


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