Bullboard - Stock Discussion Forum 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... see more

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Surge Energy Inc (Alberta) > Sgy cash flow from operations in 2021e ...160 million

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Post by soundandfury on Feb 16, 2021 11:14pm

Sgy cash flow from operations in 2021e ...160 million

160 million - cap ex = 80 million to 110 million fcf two assumptions are wti stays at current level......also cap ex is 50 - 80 million

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Comment by Herfa1 on Feb 17, 2021 12:02am

Hopefully they did not sold the majority of their production for March and June when WCS was around $40usd.

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Comment by Maxmoe on Feb 17, 2021 12:49am

Sounds a little light but not far off. In 2019 cash flow as $150 , adjusted was $180 I think. Call it same as your number, 160. BUT, that was on avg realized oil price of $60 cdn and gas was down around $1.50. So today's prices are 25-35% higher, maybe 10% lower volumes, but cost cutting. Sounds like I can round it up closer to 200 mill. So what about this, and what about that. Yada yada yada. ...more

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Surge Energy Inc (Alberta)