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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) > $1,300,000 (Cdn) Cash Flow/Day???
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Comment by stocks123STon Mar 23, 2022 11:10am
204 Views
Post# 34537714

RE:$1,300,000 (Cdn) Cash Flow/Day???

RE:$1,300,000 (Cdn) Cash Flow/Day???That is not the price SGY is getting!!!
I think, the hedge is just less than $80...
I'm not sure, but the market price is minimal at best: maybe 1-2000 b/d...
The hedge is a two edged sword!

With a 22 month hedge of $80/b, Paul could announce that the dividend would be 
safe for the next 2 years or so...
VET stock more than doubled after Mar 07 when they announced that they were reinstating the
dividend: that is 2 weeks!!!
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