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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  T.SGY.DB.B | ZPTAF

Energy Oil & Gas E&P
Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.


TSX:SGY - Post by User

Surge Energy Inc (Alberta)
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Post by CanadianBuckon Jan 16, 2015 12:52pm
413 Views
Post# 23328467

US Buyers liking our cheap stocks...

US Buyers liking our cheap stocks...
US buyers seem to more active buying Cdn Oil & Gas juniors today as pointed out on the BXE board by spec2011.... He is right lots of buying from US houses on the oil stocks mentioned. And why not considering how cheap our Canadian Buck is they are screaming bargains for Us Dollar buyers. Also when the energy markets turn around it is likely the Canadian Buck will be rallying as well, giving them a big gain on both. Kind of the opposite of what it was for Canadian buyers of US real estate a few years ago as buyers gained on the real estate and the rising US Dollar since then. Definitely a long term buying opportunity for US buyers. GLTA
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities
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