Surge Energy Inc (Alberta) T.SGY

WTI $91.25 CHA-CHING!

[fortunefavorsus]

Like being in a casino and hearing the sound of slots paying off.  Again at prices over $80 Surge is a big winner.

[fortunefavorsus]

They will be their debt target much quicker than people think at prices in this range.  Dividends/buybacks starting as soon as May-June?

[fortunefavorsus]

Even if oil pulls back to $85 we are talking 175 million FCF.  These high prices are already allowing Surge to significantly lower debt and reach their debt target in first half of this year.  BIG PICTURE FOLKS!

[fortunefavorsus]

Even if oil pulled back to $80 Surge is now a cash cow generating significant FCF. Hopefully they took advantage recent pop in oil prices and layered in some more collars. This drop in oil stock prices is total BS.  Oil prices will again pop in summer maybe to $120.  

[JohnnyWang]

Would sure love Paul to reach out to shareholders and give us an update as to how much FCF they are actually generating currently. If he wants to move the share price he needs more engagement with shareholder in between quarterly updates. 

[fortunefavorsus]

At the investor conference he said when oil was around $85 that they would achieve 175 million FCF for the year.  Of course how much cap ex they are doing in the quarter determines the FCF.  1st is likely to bee a little less FCF and 2nd quarter more FCF as less cap ex is expended.  Still I think it is reasonable to expect 85 million the first half if oil stays above $80 WTI. 

[ppp]

FCF should be around 200 mill at 90. Their presentation shows about 20 mil more per 5 dollar increase in WTI. 

[fortunefavorsus]

These high oil prices have to be significantly reducing debt early in the year.  Meaning less debt expense as the year goes along thus improving FCF.  Crazy how market is ignoring this stock.

[pennydredful]

He  can't    give   it   as   if   he   did    ,  it   would be wrong  the  next  day  as currently  the  price  is possibly   fluctuating   as much  as   several   $$    per  day.