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Latest News for ZPTAF
Surge Energy: Still Attractive In The Current Oil Price Environment
Surge Energy delivered robust Q2 free cash flow, enabling dividend coverage, share buybacks, and net debt reduction. SGY's high oil weighting (86% of production) allowed strong pricing capture, with realized oil prices near C$114/bbl and net revenue exceeding C$191M. Free cash flow of C$46M in Q2 comfortably covered C$13M in dividends and C$15.3M in buybacks; net debt fell to C$173M.
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