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

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Surge Energy Inc (Alberta) > Q1 to 3 2021 vs Q 1 to 3 2020, Net Debt Down

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Post by geezer21 on Nov 18, 2021 7:20am

Q1 to 3 2021 vs Q 1 to 3 2020, Net Debt Down

Q1 to 3 2021 vs Q 1 to 3 2020

          in thousands                                  9 Months
                                                    Sep 30 '21    Sept 30 '20

Net & Comprehensive Income     364,740    - 689,570
Income per share diluted              7.63            (17.51)

Assets                                          1,156,821      707,964
Shareholder Equity                       1,595,569   1,482,249
Deficit                                           1,242,109    1,549,122

Total Shareholder Equity                410,096    (9,722)

___________________________________________________

Change from first 3 quarters 2020 to first 3 quarters 2021

- Net and Comprehensive income up $1,054,310,000
- Income per diluted share             up $25.24
- Assets                                          up   $448,857,000
- Deficit                                       down $307,013,000

- Total Equity                                  up   $419,818,000

Change in Q3 2021 Net Debt from Q3 2020

                                                    Down $50,203,000
Financial Report:

https://www.surgeenergy.ca/wp-content/uploads/2021/11/Q3-2021-FS-SEDAR-Final.pdf

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