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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

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

Post by FederalReserveon Aug 19, 2021 5:23am
265 Views
Post# 33728861

"THE NEW SURGE ENERGY"

"THE NEW SURGE ENERGY"Not sure what to say ??? Big news. I have this on my radar now. I like the new oil, I guess I'm bullish on crude. I'm still worried about the total debt load, just in case my crude predictions are off, and or if crude softens, it can hamper over legeraged & indebted players (surge incl) I don't like the stock consolidation, usually in my experience, the stock drops upon consolidation & weeks afterwords. Like I said, it's on my radar, I will wait & see what happens when they do this 8.5-1. maybe give it a few weeks or month, and revisit the situation along with new estimated crude supply/demand estimates. I'm also not a fan of making investments in the month of October? But then again didn't the carnage of September 2008 start in September? But that's just me
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