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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

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Net Debt reduced to 264 mil from 280
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Post by Fastguy69 on Nov 02, 2022 11:22am

Net Debt reduced to 264 mil from 280

At the rate they are paying down debt we are going to be lucky to see Phase 2 of the dividend plan kick in before Q4 23 (200 mil). Interesting considering most O&G co are going to be debt free in the next quarter or two.
Comment by Theconsortman on Nov 02, 2022 12:09pm
Makes you realize just how over leveraged they were. Steady as she goes.
Comment by vwbusman on Nov 02, 2022 12:27pm
yes unfortunately - at last quarters debt reduction pace it will take four years to be debt free.  Looks like growing boe is the way out of debt
Surge Energy Inc (Alberta)