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) > Q3 '21 Net Debt Down $50,203,000.00 From Q3 '20

<< Previous

Bullboard Posts

Next >>

Comment by geezer21on Nov 16, 2021 10:24pm

133 Views

Post# 34134621

RE:RE:RE:RE:Q3 '21 Net Debt Down $50,203,000.00 From Q3 '20

https://stockhouse.com/companies/bullboard?symbol=t.sgy&postid=34134437

"It is a non-cash item that is largely meaningless. Oil and Gas companies have to value ALL of their reserves every year based on pricing assumptions made at the time the valuation is done.If you go back through the annual reports, you will see this number flipping back and forth each year." - Kontrary

A non-cash asset but still an asset with value none the less.

In a sale the value of that asset would not get passed over.

It would bring cash in the sale.

<< Previous

Bullboard Posts

Next >>

Debt-free cannabis company set for next stage of growth