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) > 2022 CAPITAL AND OPERATING BUDGET

<< Previous

Bullboard Posts

Next >>

Comment by fortunefavorsuson Jan 17, 2022 9:32am

192 Views

Post# 34323822

RE:2022 CAPITAL AND OPERATING BUDGET

Good that they said at current prices they could start buybacks before mid-year.. Slight negative on lowering FCF a little to increase cap-ex to maintain 21,500 production. Still they seemed to suggest production results could be much better on new driling procedures and increase inventory of locations. Substantial upside if oil prices hold.

<< Previous

Bullboard Posts

Next >>

NervGen Pharma: Proof that NVG-291 works?