Comment by
Chris007 on Mar 05, 2021 4:22pm
At the end of Q3, bank debt was 296,055,000 and there was also 70,536,000 in convertible debs. who knows how much of the bank debt they managed to pay down in Q4...we'll receive more info on this with the year end results That being said, today's asset sale announcement is a pretty substantial development in regard to the company's deleveraging efforts.
Comment by
WhatsBestNext on Mar 05, 2021 4:26pm
Tanman, About $370 million total debt at end of Q3 2020 (see page 17 here: https://www.surgeenergy.ca/wp-content/uploads/2020/11/SGY-Q32020MDA-SEDAR.pdf). They explain fairly clearly I'd say in that document. But Q4 earnings are due to be reported soon, so keep that in mind.
Comment by
burnout29 on Mar 05, 2021 4:29pm
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Comment by
Dumpinvestor on Mar 06, 2021 2:01pm
So if they pay down $106 mil, plus some in q4(if they do)... the debt should be less than 264 mil?..thanks
Comment by
brewster123 on Mar 06, 2021 2:30pm
The $106 million must be in USD.....Tamarack is reporting the purchase as $136 million in CAN$.
Comment by
Tanman1914 on Mar 06, 2021 2:50pm
That would be great if it is in USD!
Comment by
Dumpinvestor on Mar 06, 2021 7:42pm
I just got in sgy about 67000 shares, at .64 last friday. Cj has less debt, higher operating cost, less production in compare to sgy.. I'm in debate..should I sell sgy and buy cj or buy both?.. I do have a lot of vet and pey.. I think oil sector will be good investment..what you guy think between sgy and cj?.thanks
Comment by
ppp on Mar 06, 2021 7:51pm
They also stated they spent 9 mil for drilling in Q4, So they would have had more than enough CF to cover that. So based on that, after the sale debt will be 270 mil. Add to that FCF for 21 of about 30 mil. based on 55 mil Capex and 80 to 90 mil CF. So exit 21 debt should be 230 to 240 mil. These guys went from zeroes to heroes.
Comment by
DavidSummers on Mar 06, 2021 7:10pm
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Comment by
DavidSummers on Mar 06, 2021 7:12pm
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Comment by
masfortuna on May 05, 2022 6:59pm
So last year at this time Herffy they has 25 million FCF and no dividend and 390 million in debt. Plus their production is up about 25% from Q4 2021. Patience mate.
Comment by
Herfa1 on May 06, 2022 11:13am
Umm... cj, wcp, Tve, cpg are all up while we are down close to 4%. I guess the market did not like our result. Is he going to get it one day?