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) > Factor out the 20 million hedge loss

<< Previous

Bullboard Posts

Next >>

Comment by pennydredfulon Jul 29, 2021 6:58pm

149 Views

Post# 33629901

RE:Factor out the 20 million hedge loss

One will find very few oil and gas production companies report accounting profits due to high depletion and depreciation charges ( non cash) partially caused by on going exploration and development expenses . The reversal of the previous write off re reserve re valuation while non cash will nevertheless flow to the equity line improving the debt to equity ratio.

<< Previous

Bullboard Posts

Next >>

Rich TV Live’s Stocks to Watch this week (Nov. 15, 2024)