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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

Comment by sclardaon Nov 25, 2021 8:07pm
140 Views
Post# 34167053

RE:RE:What will the banks do now?

RE:RE:What will the banks do now?ariesleaf wrote

I think the Bank's are looking at added more hedges so you will never see regular dividends or share buy back. Any few extra dollars Banks want to be first.

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  You might want to learn to add a little bit bumpkin. Hedging at oil in the high 70s and 80s is not the same as they hedging they did in the 40s.  Even if they were forced to do some hedging at these oil prices which is a good thing they will still be making a lot of money which could help pay down debt very quickly and then lead to a  dividend.

A lot of people think of Hedging as a bad thing.  Surge had bad hedges this year because they hedged at low prices to survive and then oil prices took off. If they hedge now at these prices and then oil prices tank next year the same people who complain about hedges now will be saying that management were fools for not hedging all production at $80.

At these oil prices which are way higher than the past 5 or 6 years i would hedge at least one third of production no matter what anyone says. Hopefully Surge have been doing that.

Better safe than sorry.

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