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Bullboard - Stock Discussion Forum Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

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) > 85 million fcf
View:
Post by soundandfury on Sep 17, 2021 10:39am

85 million fcf

Is a reasonable estimate..........this will allow for good debt repayment in 2022 but certainly not total debt repayment as that is close to 300 million
Comment by senseimike on Sep 17, 2021 11:01am
Bank debt is $160M and term debt is $40M. With WTI@$75 the bank debt could almost be paid off completely. Most certainly would improve FCF as it was being paid down. 
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