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Companies >
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Surge Energy Inc. >
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INCREASES 2016E GUIDANCE, PROVIDES PRELIMINARY GLIMPSE INTO 2017E

working
  • 06 Sep 2016

INCREASES 2016E GUIDANCE, PROVIDES PRELIMINARY GLIMPSE INTO 2017E


Surge Energy Inc. (SGY:TSE) | 0 0 -0.5% | Mkt Cap: 433.4m


  • Stifel FirstEnergy
    • Cody R. Kwong

    • 2 pages

Oil & Gas - E&Ps image



 
Oil & Gas - E&Ps image



Impact: Slightly positive, as the Company's formal 2016e exit target rate of 13,500 boe/d is up 4% over the prior view, on capital spending that increases by $11 mm to $66 mm. This sets up for positive moves required in our 2017e forecast with Management's preliminary outlook for an $85 mm capital outlay generating average volumes of 13,650 boe/d and an exit rate of 14,150 boe/d.


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See all the research we have on this company.

INCREASES 2016E GUIDANCE, PROVIDES PRELIMINARY GLIMPSE INTO 2017E


Surge Energy Inc. (SGY:TSE) | 0 0 -0.5% | Mkt Cap: 433.4m


  • Published: 06 Sep 2016
  • Author: Cody R. Kwong
  • Pages: 2
  • Stifel FirstEnergy


Impact: Slightly positive, as the Company's formal 2016e exit target rate of 13,500 boe/d is up 4% over the prior view, on capital spending that increases by $11 mm to $66 mm. This sets up for positive moves required in our 2017e forecast with Management's preliminary outlook for an $85 mm capital outlay generating average volumes of 13,650 boe/d and an exit rate of 14,150 boe/d.



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