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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 Sep 17, 2021 11:31am
62 Views
Post# 33877480

Mike

MikeThe hedged barrels are hedged so low that the take away any gsins made by the unhedged barrels.......in q2 the hedge loss was greater than the unhedged cas flow.........i hope your right about 2022 hedging but i believe the banks run that part of sgy business now......as sgy said the banks required those nasty hedges....one thing is for sure until sgy desperately needs to make peace with its bankers.
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