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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 Oct 08, 2021 11:52am
302 Views
Post# 33988912

Q3 is going to be exceptionally ugly

Q3 is going to be exceptionally uglySad to say but hedge losses might top 30 million and sgy adjusted funds flow per barrel will be 13.80........a 4.00 per barrel improvement from q2 so that is a positive......unfortunately net debt will be 40 million more to 330 million mostly due to 18 million asdumed debt and once again spending 20 million more than they brought in..........but the good news is we might be profitable by q2 next year..........
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