Surge Energy Inc (Alberta) T.SGY

IF ALL OF THE NEWS THAT CAME OUT WAS SUPPOSE TO BE GOOD.?

[WanTBe1]

No much increase in stock price today, only 1.18%. Not even at the break even point.

[fortunefavorsus]

For me the news is great because there is no financing issues to deal with and now it is just a focus on how much FCF they can generate, buyback stock, and pay a dividend.  These small Canadian oil stocks can do nothing for some time then explode upwards.  I am focused on holding through 2022.

[WanTBe1]

With a 280 mil debts and huge interest hard to do this in mid to late 2022 buyback stock, and pay a dividend. You must be a new shareholder after share consolidtion.

[Druchii]

Any idea what the average interest cost is for the debt?

[Druchii]

What is the interest rate on the new first lien secured credit facility?

[fortunefavorsus]

It should be pretty good because there is little risk to them now that the assets far exceed their loan amount.  Second lien interest is always much higher interest.

[ppp]

 Calculated as $225 million in 2022 forecast cash flow from operating activities, less $120 million in exploration and development capital, for $105MM or $1.26 per share of free cash flow. $1.26 per share divided by a $4.25 SGY share price results in a 30% free cash flow yield. See the Non-GAAP Financial Measures section of this document for further information. 2