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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

Comment by Theconsortmanon Mar 05, 2021 10:47am
138 Views
Post# 32727654

RE:Remember the silly guy who sold at 15 cents?

RE:Remember the silly guy who sold at 15 cents?
pointer wrote: And then bashed the company?

Ooooops! :o)



That was me Pointer. I  claimed the Capital loss and rotated the money into Whitecap the same day so I am feeling just fne and collecting a dvidend. I still have a few thousand shares in a RESP of one of my kids so have been watching SGY. The asset they sold was Sparky which is interesting because they didn't appear to specifically say that. Can't argue with the buy/sell numbers (look good) though but they may be a little promotional (the drilling BOE is going to be flush production while the sell stuff is further along in the production profile). SGY has been under a lot of pressure by their debt holders to sell some assets. I guess TVE doesn't know what they are doing since they picked up the Surge stuff?  There appears like there was a lot of upside left in the asset they sold but they had to do what they had to do and hats off to them.
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