Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Jul 30, 2021 8:11am
196 Views
Post# 33631075

Lol don't see the long term

Lol don't see the long termSure sgy will make money in 2022.........but only if oil prices stay above 60.00 us wti.........at current prices with no hedges sgy would have made a 24 million dollar profit.........then you can add on possibly another 15 to 20 million quarterly profit from astra assets and yes they could make 40 million profit per quarter in 2020.........but they will also increase cap ex dont forget so that 40 million profit will all of a sudden drop back to 20 million............and then they got debt due 30 million debenture matureing in dec 2022 so there goes that money............my point is what the future looks like profit wise and what might actually materialise are sometimes quite different...............there is one other scenario that might happen and that is a sale of the entire company......this is most likely to occur in 2022 imo
<< Previous
Bullboard Posts
Next >>