Surge Energy Inc (Alberta) T.SGY

WTI @ 100

[senseimike]

Oil up $1.39 and SGY up $0.01.
So using these numbers oil needs to go up another $25 to get SGY up another $0.20
So if SGY is selling at $0.85 when oil is at $100 then it will be business as usual at the TSX

How much money does SGY make producing 20,000 bpd @ 100 usd ?
Hmmm  20,000 x 100 x1.25 x 365  =  912,500,000

That's where we're going folks.

[ariesleaf]

DREAM ON.

[Keyplan]

I like it! Lol, 600,000,000 for dividends and 300,000,000 for operations!

[ariesleaf]

DREAM ON.

[Kadiddelhopper]

A very plausible scenario  for Fiscal year 2022,       with the caveat that Surge, in the last half of this Fiscal year 2021, is pushing all the cash they can muster up against the DEBT of some $375 million ( an improvement over the mid $400millions of the last couple of years to be sure!)  Target the overall Debt committments at $200 million, and Surge will be back