Comment by
uwebb429 on May 23, 2024 3:44pm
National Bank shows that the assets Surge Energy had up for sale are no longer for sale. I am not sure if these assets were sold or if Surge decided to cancel this sale. Hopefully the sale was completed so Surge can get to their next debt target sooner. https://twitter.com/emmpeethree/status/1793300397463163265
Comment by
uwebb429 on May 30, 2024 3:23pm
National Bank is once again showing that the Sawn Lake assets are still up for sale with a June bid date. https://twitter.com/emmpeethree/status/1795470432050851987 If they can get a fair price for those 3754 boe/d, they will instantly reach their next debt target. Surge appears to be going all in on Hope Valley and SE Saskatchewan.
Comment by
zinger99 on May 30, 2024 3:50pm
Any sense for a reasonable price for these 3700b/d production? This could go a long way to decreasing debt and funding greater cap invstment into our two main plays! Maybe $180M-200M?
Comment by
PreludeSH on May 30, 2024 3:59pm
Assuming the same $34K per barrel for those 3754 barrels/day, then that should be $127M . If we are at $250M net debt right now then, Surge will be $123M Net Debt after the sale which is well below the $170M net debt target. I want those 75% cash flow sooner than later.
Comment by
uwebb429 on Jun 11, 2024 1:55pm
The National Bank is still listing the Surge Sawn assets for sale as of June 10th. https://twitter.com/emmpeethree/status/1800528571271979421
Comment by
Baystboy07 on Jun 12, 2024 7:02pm
Hopefully that sale is done and then someone takes these clowns out. GLTA
Comment by
uwebb429 on Jun 27, 2024 2:40pm
No buyers yet for the Sawn assets. https://twitter.com/emmpeethree/status/1805965799712309554
Comment by
uwebb429 on Aug 29, 2024 2:16pm
On August 26th, the Sawn assets were still available. https://twitter.com/emmpeethree/status/1829149130092097820
Comment by
uwebb429 on Sep 20, 2024 2:12pm
No change. September 16th, Surge assets are still for sale. https://twitter.com/emmpeethree/status/1836979624992993488