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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 (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.


TSX:SGY - Post by User

Comment by Countrin2tiveon Jan 31, 2022 9:50pm
219 Views
Post# 34382976

RE:RE:I wonder if this company is going to be taken out.........

RE:RE:I wonder if this company is going to be taken out.........With the price of oil as it is and if the FCF is as forecast, I don't see see many share holders voting for a take out where offered SP isn't significantly more than we have now. 

That said, maybe FCF burns a hole in management pocket and SGY gets bigger. 

Regardless, I'm with you Morris, lets see where this is going before any take out, no need for that right now.
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