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 Countrin2tiveon Mar 23, 2022 11:25am

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Post# 34537799

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

Agree, but not all production is hedged. To be honest, calculation of cash flow is a bit of a mystery, for me anyhow. I don't find the Earnings reports as clear as they could be. As an an example, does anyone really know what breakeven cost/barrel is. I seem to remember the CEO mentioned $45 a while while being interviewed back during the bear oil market. Anyhow Stock123, your insight appreciated.

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