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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 Countrin2tiveon Nov 09, 2021 10:26am
217 Views
Post# 34104535

Hedges

HedgesI for one have always on this site, tried to see the upside of the imminent arrival of higher oil prices.  That said now that higher prices have arrived, I'm a little P#ssed Off with the hedging forecast to the middle of 2022    (see company presentation    https://www.surgeenergy.ca/wp-content/uploads/2021/11/SGY-Corp-Pres-Nov-2021-vF2.pdf) and wonder how they can possibly meet their income projections when as an example, half of their production is hedged for Q1 22 at less that current oil price.  Im wondering if this is what is driving SP down, would like to see some other opinions.
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