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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 Binkieon Mar 08, 2022 4:50pm
269 Views
Post# 34497132

RE:RE:RE:RE:Q4/Y21 End Results

RE:RE:RE:RE:Q4/Y21 End ResultsI don't think the long memory of hardships is isolated to Surge, most of this sector has had extended rough patches for their shareholders the past several years , in varying degrees for sure. There are lots of other companies they can move to, many with profound upside under these conditions. I'm no expert but I think Surge has tremendous upside potential, better than most I've evaluated. Frankly, I'll be disappointed if it doesn't double in 12 months. At this point it's not about the past, it's about the future. 
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