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.

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Surge Energy Inc (Alberta)

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Post by soundandfuryon Oct 04, 2021 7:47pm

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Post# 33965051

Thats the risk

By the time sgy gets its act together.......i mean when its 2021 hedges expire the oil bull market might be over..........sgy will be lucky to break even in q3 and same for q4.........who knows this might be the last bull market oil has left in it considering emmissions caps and all the other goodies the federal govt have planned for oil companies........i would say if oil tanks back to 50.00 us sgy is toast

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