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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 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

Bullboard Posts
Post by CanadianBuckon Aug 07, 2015 2:15am
210 Views
Post# 23996961

Bottom's In?

Bottom's In?
Large volume key reversal day, over 8,000,000 shares traded today. Potential double bottom with the end of January lows. Technically the shorts will need to start covering and the longs should consider buying any dips using a break of recent lows as a stop loss area. Sentiment is conducive to a more bullish posture here. Today's action is supported by other key reversal days in both Canadian and US oil & gas and oil service stocks. Of course predicting the end to a bear market is about as easy as predicting the weather here in TO. GLTA
Bullboard Posts