222900772 - 1_s4vp6wb3 - PID 1851201
    
    
      
    
  

  
    
        Hi Ted Dixon here with
your INK daily preview
        for Monday January 31st.
        Surge Energy surges back.
        When we last wrote about
        Western Canada oil & gas
junior Surge Energy
        on November 11, 2020,
        we noted the company
        provided a leveraged bet
        on the oil patch due to
        its net debt of
        about $370 million as of
Q3 2020.
        A year later, the debt
fell to
        just under $320 million,
        about a 14% drop while its
share price
        is now up 173% since our
report as of Friday.
        Indeed, strong commodity
prices
        have helped to power the
stock
        higher and cash flow
        and that has helped
        the company to reduce
debt.
        For this year the company
is
        taking a cautious
approach,
        drilling just enough wells
        to hopefully keep
production at
        about the same levels as
it
        was at the end of 2021,
        around 21,500 barrels of
oil
        equivalent per day which
was mostly liquids.
        It will even consider
        reinstating its dividend
if it can
        reduce its net debt to
        between 250 million to 265
million dollars.
        While a lot will depend on
oil prices,
        insiders seem optimistic
as
        they have been buying.
        Importantly, the buying
has
        helped the stock surge up
        our INK Edge rankings all
the way to
        the number 6 spot in
        our Energy Top 30 Report
for January.
        Well thanks for stopping
by,
        and that is all for today.
        This will be our last
preview
        we post on social media
for while,
        as work on a new format.
        However, INK community
members
        will still be able to
catch us on
        INK Ultra money with
        our previews and I am sure
we’ll post some
        on INK Ultra Money Free so
make sue
        to check us out at INK
Ultra Money.
        In the meantime, don’t
forget to follow us on
        Twitter @INKResearch as we
let the insiders
        guide us to opportunity in
        2022 and in the Year of
the Tiger.
        And I wish all of
        our viewers and members
who celebrate
        lunar New Year a very
happy Year
        of the Tiger and
prosperous one too!
        This is not a
recommendation to
        buy or sell securities and
        nothing in this video or
        in INK reports should be
considered
        financial advice
information is for
        educational purposes INK
employees may
        hold an interest in
        any stock mentioned in
        our videos or in our
reports.