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) > Canadian light crude video on BNN last Friday

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Post by Dunworkin2 on Mar 05, 2022 5:47pm

Canadian light crude video on BNN last Friday

Got me thinking about SGY, a light and medium producer, and how the $150 a barrel might impact us. Thoughts?

https://www.bnnbloomberg.ca/video/canadian-light-crude-tops-150-a-barrel~2395669

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Comment by zack50 on Mar 05, 2022 6:59pm

I'm not wishing for $150 oil simply because that would create such heartache and hardship for so many people... God knows $100 oil makes it very difficult for so many. However, should that happen, Surge's FCF would be in the vicinity of $475M - $500M. The impact... all debt PAID and a big fat "special" dividend of about $2.50 per share.

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Surge Energy Inc (Alberta)