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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

Comment by fortunefavorsuson Feb 03, 2022 4:01pm
85 Views
Post# 34394762

RE:RE:RE:RE:RE:Tax Pool benefit...

RE:RE:RE:RE:RE:Tax Pool benefit...Can private equity or a pension fund use tax pool.  If they can makes a lot of sense to buy a company like Surge.  Would management take 1.0 billion offer with pension fund assuming debt.



Teine Energy Ltd., the company backed by Canada Pension Plan Investment Board, has agreed to buy oil-producing properties from Penn West Petroleum Ltd. for $975 million in cash.
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