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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

Post by soundandfuryon Jun 03, 2021 5:58pm
139 Views
Post# 33326591

The problem is hedgeing to wti price

The problem is hedgeing to wti priceIf wti is 75.00 us or 100.00 cad for example..........sgy gets 54.00 cad and is then responsible for the difference in wti price.........in the 100.00 cad example that would be 46.00 cad per barrel..............this would theoritically leave sgy with 8.00 for each barrel sold.......so istead of getting the 54.00 cad hedged price sgy would get 8.00...........hmmm at least i believe that is how swap hedges work....lol
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