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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 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)
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Post by Indicatoron Apr 18, 2016 3:35pm
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Post# 24780552

Oil Traders - The Trend is UP!

Oil Traders - The Trend is UP!
Oil traders see the bottom for crude prices. After nearly two years of a down market, oil traders are growing confident that we have passed the low point. “The down market is behind us,” Torbjorn Tornqvist, CEO of Gunvor Group Ltd., said on Tuesday at the FT Global Commodities Summit in Lausanne. “It is the beginning of the end of that for sure.” Although there will be a lot of volatility for quite a while, Tornqvist said that “from here on, the trend is up.” The CEO of Trafigura Jeremy Weir echoed that sentiment at the commodities summit. “I believe we’ve seen the bottom unless there is some sort of catastrophic situation political or otherwise,” he said. Glencore’s (LON: GLEN) top executive was a little more cautious, arguing that a rebound would not be quick because of the large stockpiles of oil that need to be worked through.
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