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) > Is it possible to have negative free cash flow?

<< Previous

Bullboard Posts

Next >>

Comment by pppon Nov 01, 2021 2:07pm

190 Views

Post# 34074031

RE:Is it possible to have negative free cash flow?

Lets get his right!! CF cash flow and FCF free cash flow are not the same.

CF is money from operations after production costs debt G&A ect.

FCF is whats left over once capx is added. so if Capx is more than CF it becomes debt.

<< Previous

Bullboard Posts

Next >>

3 Mid-Sized Stocks to Consider This Season