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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 CountryBoy69on Aug 19, 2023 4:55pm
296 Views
Post# 35596501

Baystboy

BaystboyThere seems to be alot of Bay St handles of late.It began with Baystreetwolf , now l hear is deceased . Baystreetwild and now you , guess no one ever accused you of originality , but l do agree with you . Paul has proved in the past that he is a loser in the dealmaking business , and his promises have yet to appear to shareholders , but he does put his pocket book where his mouth is as he is the largest private shareholder. There was a guy called Kherson who pumped SGY to the moon , just like he did with PSN ,EGL and others , now quite defunct, and now he is gone on this one as well. If he has , at least he exited with money , which would be a first for him. The problem is , the negativity is well deserved.after consolidation the SP has just treaded water , yes a div but far lower than inflation , debt reduction Abysmal and forget an NCIB , that is just financial engineering to enrich mgmt , it hardly ever translates into a higher price. You guys who pump NCIBs especially with oil prices where they are need your heads examined. .As K used to say , That's too Funny
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