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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) > Mike sgy never gets the market price for its crude
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Comment by senseimikeon Sep 17, 2021 11:18am
90 Views
Post# 33877403

RE:Mike sgy never gets the market price for its crude

RE:Mike sgy never gets the market price for its crudeThey only have 8K of daily production hedged. The rest, which is currently 12K, is at market rates. The 8K is currently hedged at $55, next quarter to $56 and 1Q 2022 is $ 68, then 2Q 2022 is $76. They have only hedged 3K of production beyond that. 

As cash flow improves and debt goes down the banks will have less control.
Hopefully Paul just puts this on auto pilot for awhile and then it becomes a cash monster.
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Dealroom for high-potential pre-IPO opportunities