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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) > 4 million profit excludeing hedges
View:
Post by soundandfury on Jul 31, 2021 11:26am

4 million profit excludeing hedges

You realize that @4 million profit per quarter it would take us 20 years to pay off our debt thats excludeing any interest charges
Comment by downtozero on Jul 31, 2021 11:46am
Unless they sell more assets. 100% of their current debt reduction is a portion of the $106M asset sale. None of it comes from FCF.
Surge Energy Inc (Alberta)
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