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Bullboard - Stock Discussion Forum Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

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

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Post by Keyplan on Nov 07, 2022 6:25pm

Sgy debt

Does anyone have a han dle on the new debt total after the latest acquisition? Thx
Comment by Baystboy07 on Nov 07, 2022 8:34pm
I think it is about $350 less anything from the upsized financing...Sept net debt of $265 less $45 mil convert pay down in Late October...plus $130 from the new deal...is how I get there...GLTA  
Comment by WanTBe1 on Nov 08, 2022 11:49am
I don't see this changing any time soon. Debt Colour RED.
Comment by Baystboy07 on Nov 08, 2022 3:03pm
what does your comment even mean....what value have you added to this conversation?  
Comment by AltafHANIF on Nov 08, 2022 3:57pm
His comment add value cause too much leverage is not good (warren buffet) debt should be pay off.
Comment by Baystboy07 on Nov 08, 2022 6:20pm
Then he should explain why he does not see the debt changing any time soon? Still zero value comment....does he mean debt will stay flat over the next year at these oil prices? What does it mean?
Comment by AltafHANIF on Nov 08, 2022 3:57pm
His comment add value cause too much leverage is not good (warren buffet) debt should be pay off.