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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, Greater Sawn and Shaunavon. 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 potential for continued area consolidation. The Valhalla operation is offering stacked pay multi-zone potential with light oil and provides range of area infrastructure and access to multiple egress options supports attractive operating netbacks. The Shaunavon operation is producing low decline, medium gravity crude oil with high operating netbacks. Its Greater Swan operation consists of concentrated light oil asset with conventional slave point reefs.


TSX:SGY - Post by User

Comment by winterishereon Oct 01, 2020 12:14pm
147 Views
Post# 31650232

RE:RE:Kablam! Splat! Wapow!

RE:RE:Kablam! Splat! Wapow!
Kherson wrote: There has been alot of misinformation being posted lately on this SH board. The reason is simple, Surge is in the crosshairs of a potential acquiror! 
Folks, do not let the paid bashers influence you. Do your own research. Start by asking this basic question, how does a company go bankrupt when it is payimg down debt in a meaningful way?
Kherson


Kherson, do you really believe this or are you paid pumper? 

The writing is on the wall, liabilities are about the same as assets, that leaves the company basically worthless. Common shareholders are at the bottom of list when it comes to claims on assets.
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