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) > Paul Colborne Quote from Calgary Herald

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Comment by fortunefavorsuson Mar 02, 2022 10:15am

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Post# 34474667

RE:Paul Colborne Quote from Calgary Herald

I thought they would do $35-40 million FCF a few weeks ago. Now could they do $50-55 million FCF in first quarter if oil stays above $100. Less capex second quarter and maybe full quarter of oil over $100 so maybe $70 million in second quarter? This is a cash cow company distributing huge cash flow to shareholders.

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