Surge reported fourth quarter financial and operating results below forecast (CFPS $0.02 vs. GMPFE at $0.03 and consensus of $0.04). Funds flows were down 81% y/y relative to 4Q17 at $32.2 mm in contrast to this period at $6.2 mm despite a 34% increase in production driven principally by a 37% and 52% reduction in Edmonton Light and WCS benchmark oil prices, respectively.
13 Mar 2019
Reports year-end results, no changes to outlook
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Reports year-end results, no changes to outlook
Surge Energy Inc. (SGY:TSE) | 0 0 -0.5% | Mkt Cap: 433.4m
- Published:
13 Mar 2019 -
Author:
Robert Fitzmartyn -
Pages:
8
Surge reported fourth quarter financial and operating results below forecast (CFPS $0.02 vs. GMPFE at $0.03 and consensus of $0.04). Funds flows were down 81% y/y relative to 4Q17 at $32.2 mm in contrast to this period at $6.2 mm despite a 34% increase in production driven principally by a 37% and 52% reduction in Edmonton Light and WCS benchmark oil prices, respectively.