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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) > Possibly my biggest concern with sgy
View:
Post by soundandfury on Oct 25, 2021 1:33pm

Possibly my biggest concern with sgy

Is that their credit line is completely drawn........this would mean they are operateing on cash flow from operations only.......given they only had 8 million cash flow in q2 where are they sourcing operateing capital from? Is paul dipping into his own personal piggy bank or at least deferring his salary until 2023......lol
Comment by terroir on Oct 25, 2021 3:01pm
Very good point, no doubt explains the drag on share performance. Lots of selling into each rally. T
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