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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

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Concern about hedges
View:
Post by twinjett on May 04, 2021 1:32pm

Concern about hedges

With SGY just stating that 1st quarter hedging loses was 16.8 million I wonder how long till the losing hedges expire. How long in the future did they hedge at 40.00 per barrel.I guess we will find out about all the hedges when they release first qtr. results.
Comment by pointer on May 04, 2021 2:23pm
This post has been removed in accordance with Community Policy
Comment by Sheshe1234 on May 04, 2021 2:53pm
I agree Pointer. And they are making money RIGHT NOW.
Comment by Countrin2tive on May 04, 2021 3:14pm
Also maybe safe to say that the hedges saved the company back when the price of oil tanked.
Surge Energy Inc (Alberta)