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) > Net Debt reduced to 264 mil from 280

<< Previous

Bullboard Posts

Next >>

Post by Fastguy69on Nov 02, 2022 11:22am

287 Views

Post# 35066359

Net Debt reduced to 264 mil from 280

At the rate they are paying down debt we are going to be lucky to see Phase 2 of the dividend plan kick in before Q4 23 (200 mil). Interesting considering most O&G co are going to be debt free in the next quarter or two.

<< Previous

Bullboard Posts

Next >>

Investing with insurance and protection