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Surge Energy Inc (Alberta) T.SGY

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

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

Bullboard Posts
Post by tallpallon Jun 30, 2015 4:46pm
195 Views
Post# 23882587

Poker eyes

Poker eyes
What I'm grinding on is the sudden departure of the CFO. Not many cases in all of history where this has been good news. Maybe not you but I am led to think this as a negative event. So, thinking along this line, what are the possibles? No. 1 in my thought is that the Shaunavon, promoted by the CFO, was eventually revealed to not be the savior of this company to continue it's high dividend and was found out just recently by Paul. This pretty much wrecks the future of the company as it depends on a reliable divvy. This idea is a culmination of being pretty heavily invested in this, and watching Paul on a BNN interview three weeks ago when the Shaunavon was brought up as the ultimate redeemer for all financial questions. His poker face was "not there". Seemed he knew what he was throwing out was a bluff maybe just learning that what was reported to him by the CFO was a bunch of baloney. I say this hoping it is not the case, and it is only my opinion. I remain invested.
Bullboard Posts

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