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 Q3 Speculation

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Comment by twinjetton Oct 11, 2021 4:01pm

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Post# 33995514

RE:SGY Q3 Speculation

I don't see much improvement till 2022 on the hedges. There will still be a huge loss on hedges for the third qtr and the fourth qtr. 2 nd quarter 2021 they were hedged at 53.00 cad For third quarter 2021 they have 4684 barrels hedged at 55.00 cad For fourth quarter 2021 they have 4534 barrels hedged at 55.33 For 2022 things improve Qtr 1 2022 2000 barrels @ 74.57 2022 qtr 2 1800 barrels @ 78.35 2022 qtr 3 1000 barrels @ 77.55 2022 qtr 4 500 barrels @ 74.39

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