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) > Losing hedges; we're not alone

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Comment by geezer21on Nov 11, 2021 7:34am

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Post# 34113800

RE:RE:RE:RE:RE:Losing hedges; we're not alone

"SGY is being run by Banks...all excess cash flow is going to the Bank...also many loan agreements have clauses that allow Banks to force hedges on the company...all the bank cares about is getting debt paid back...not the equity holders..."

None of what you say is true when I read the corporate and financial reports.

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