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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 Indicatoron Aug 22, 2015 1:35pm
196 Views
Post# 24042904

*Opinions* abound . . .

*Opinions* abound . . .
but one thing is certain . . .

in the mid to long term, as long as the earth's population continues to grow, we continue to rely on OIL for everything from plastics to fuel, and production declines are inevitable, the price of OIL will go much higher again!

When it will do that is anyones guess.

But for now, the increasingly schrill, over confident, burgeoning Short Seller crowd, after this already precipitous Oil price drop, sounds increasingly like Chicken Little running frantically in circles yelling "the Sky is Falling" the Sky is falling"!

Bullboard Posts