Post by
Tradestay on Sep 03, 2021 9:43am
The Tides are turning
Surge anticipates $110M FCF at $70 WTI and at $75 $140M FCF. Surge debt bank debt went from $260M dec 31 2020 to $162M June 2021. Now in fairness this is because they sold assets but the Astra acquisition brought back those lost barrels. Surge has Q1 and Q2 2022 hedge at 7.5K barrel at $68.21 and 76.06. If oil price maintains 65 to 75 rane the $70 guidance is feasible. Oil is currently above $70. Longterm shareholders in my view will need until 2023 with high oil price to recover due to the reverse buy the who bought within the last year have serious upside here. This is not financial advise just commentary. See surge latest presentation for more details.
Comment by
WanTBe1 on Sep 03, 2021 10:07am
Earlier and colder winter with lots of the white stuff coming. ACE Thats snow
Comment by
Joe455 on Sep 04, 2021 11:36am
On my watchlist, waiting for the dust to settle after the reverse split.