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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) > A Look into Surge Energy's Exciting Quarter...
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Comment by PreludeSHon May 25, 2022 12:20am
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Post# 34705466

RE:A Look into Surge Energy's Exciting Quarter...

RE:A Look into Surge Energy's Exciting Quarter...Biggest takeaway for me was the talk on the use of the Free Cash Flow...starts at around the 14:25 mark of the video, and sounds like $100M debt reduction by year end is their focus.  

zack50 wrote: Derek Christie, Sr. VP - Geosciences, and Ashley Hardcastle Manager, Corporate Finance at Surge Energy Inc. join the Top 5 Energy Picks Conference hosted by Jessica Butt to discuss their exciting quarter and expert opinions on the market today!

Here's the link folks:

https://www.youtube.com/watch?v=PzOuOE5Cyl0


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