Surge Energy Inc (TSE:SGY) has released an update.
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Surge Energy Inc. reports a robust first quarter with increased cash flow from operations at $66.8 million and a production average of 24,903 boepd, despite drilling fewer wells. The company has also made strides in sustainability, cutting its Scope 1 emissions intensity by 18% from the previous year. Surge’s financial outlook remains positive with potential cash flow gains linked to oil price movements and narrowing oil differentials.
For further insights into TSE:SGY stock, check out TipRanks’ Stock Analysis page.
