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) > CF and FCF projections down

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Comment by fortunefavorsuson Dec 10, 2021 10:35am

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Post# 34218413

RE:CF and FCF projections down

The drop in FCF probably is the additional interest expense. Still having financing settled far outweighs slight drop in FCF. Plenty of room to beat these estimates with good production results and higher oil prices whcih is probable due to the lack of investment in producton in the world.

Also now that they are not in a fire sale situation there is a potential for some non-focus asset sales at good prices which will allow for stock buybacks and larger dividends!

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