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) > March 9 - Release of 2021 financials

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Comment by downtozeroon Feb 25, 2022 9:39am

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Post# 34461091

RE:March 9 - Release of 2021 financials

GTE showed positive FCF and debt reduction for 2021 results. SGY will likely show a loss and debt increase for 2021, unless they made more than $12M USD FCF in the last quarter (the amount they lost during the first 3Q). Unlikely they'll have the same bounce as GTE. Hopefully projections for 2022 will make up for the bad 2021 and it won't go down.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?