Surge Energy Inc (Alberta) T.SGY

Very disappointing production numbers

[soundandfury]

1400 bpd less than q1..............seems every quarter they produce less and less and therefore the hedges eat into more and more percent of total production now approaching 50% .......2021 is a financial disaster for sgy

[terroir]

Reading through these posted reactions to the quarterly results always reminds me of the old men in the balcony at the Muppets Show.  The lower production numbers were largely a result of asset/production sales. The key is free cashflow, that's what is used to pay down debt, and eventually reinstate the dividend. On that front the forecast is quite positive. But, if I have learnt one