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) > Private in 2.5 years FCF

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Post by Rockyboy2015 on Nov 19, 2021 7:02pm

Private in 2.5 years FCF

Sgy can generate enough FCF in 2.5 years to take itself private at $80.wti. Source BMO

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Comment by summerb37 on Nov 21, 2021 3:54pm

Below is a link about buying back shares and oil/gas companies ability to go private, including time line. 4:45 is where Surge is mentioned.

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Comment by summerb37 on Nov 21, 2021 3:55pm

Whoops - forgot to include the link :) Below is a link about buying back shares and oil/gas companies ability to go private, including time line. 4:45 is where Surge is mentioned. https://www.bnnbloomberg.ca/commodities/video/here-are-some-energy-firms-that-could-buy-back-all-of-their-stock~2325299

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Comment by pennydredful on Nov 21, 2021 10:08pm

Lots of IFS here . 2.5 years if they don.t payoff a nickel of debt, If the share price remains unchanged. , IF oil and gas prices match the price ...more

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Surge Energy Inc (Alberta)