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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) > Sgy total hedge losses in 2021 will be 80 million dollars
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Comment by ariesleafon Aug 01, 2021 7:04pm
129 Views
Post# 33638857

RE:RE:Sgy total hedge losses in 2021 will be 80 million dollars

RE:RE:Sgy total hedge losses in 2021 will be 80 million dollarsWhat ever those hedge losses are for 2021 sure would be nice to have paid down the debt by that much. Again a bad move by management not to better plain to decrease hedges over shorter time frame. Just look at WCP second quarter. 
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