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.

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Surge Energy Inc (Alberta) > Acesover? Was my prediction for q3 ok?

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Comment by geezer21on Nov 09, 2021 9:03am

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Post# 34103946

RE:Acesover? Was my prediction for q3 ok?

"I predicted no free cash flow"

Correct, however you failed to mention that they did have cash flow that they used for investing and financing. So, as a shareholder you ended up not with cash but more assets.

                                                                                          Q3

                                                                                  2021        2020

         Cash flow from operating activities              26,263    15,082

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