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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 fortunefavorsuson Feb 15, 2022 12:02pm
171 Views
Post# 34430270

RE:RE:RE:RE:WTI $91.25 CHA-CHING!

RE:RE:RE:RE:WTI $91.25 CHA-CHING!At the investor conference he said when oil was around $85 that they would achieve 175 million FCF for the year.  Of course how much cap ex they are doing in the quarter determines the FCF.  1st is likely to bee a little less FCF and 2nd quarter more FCF as less cap ex is expended.  Still I think it is reasonable to expect 85 million the first half if oil stays above $80 WTI.  I wold have liked them to put more collars on for the 2nd quarter to guarantee at least that much FCF.
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