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) > Keep in Mind

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Comment by masfortunaon May 05, 2022 9:58pm

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Post# 34660952

RE:RE:RE:Keep in Mind

Exactly.
Simple calculation. We can repay debt only for the next 4 years at the previous fcf of 25 million (they were at 390 million) OR increase production and assets which would increase capex and expenditures and repay debt in 2 years (52 million fcf per quarter x8) assuming no other expenses. BTE was hard set on paying down the debt and guess what? They spent 100 million of their fcf expanding production. OBE has also done the same. SGY needs to increase production if they wish to remain relevant.

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