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 company. The Company’s business consists of the exploration, development and production of oil and gas from properties in western Canada. Its operations include Sparky and SE Saskatchewan. Its supporting assets include Valhalla, and Greater Sawn. The Sparky operation offers light/medium crude oil production with compelling returns. The SE Saskatchewan operation maintains asset base oil operating netbacks. It has low-cost wells with short payouts and the potential for continued area consolidation. The Valhalla operation offers a stacked pay multi-zone potential with light oil and provides a range of area infrastructure and access to multiple egress options supports attractive operating netbacks. Its Greater Swan operation consists of concentrated light oil assets with conventional slave point reefs.

TSX:SGY - Post by User

Surge Energy Inc (Alberta)

Bullboard Posts

Comment by Oilmarketon Jan 16, 2015 4:08pm

680 Views

Post# 23329678

RE:RE:RE:RE:RE:RE:BNN Just announced

Have to admit I have bought some stock when they were BNN features kept them for a bit and sold. Made money. Back to Surge. They should do okay with Operating/trans at $18, G&A $2 and interest $3 range for total of $23/bbl. Their depletion charge is high at $24/bbl which may mean some ceiling test write downs but that is the same with any "newer" company that bought lots of production when oil was high, high. Yes, IMO, dividend at risk as no (shareholder dilutive) dividend reinvestment plan.

Bullboard Posts

Gold begins to flow at Endeavour's Lafigué mine in Côte d'Ivoire