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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 unc12345on Mar 26, 2024 8:45am
179 Views
Post# 35952537

RE:RE:RE:Oil price on up so is surge

RE:RE:RE:Oil price on up so is surgeAs a long-time holder of way too much of this stock, gosh I wish it were true that everyone is bullish on the stock.  But look where it is....?  I am looking forward to the next debt target also and hope eventually the company can increase the dividend for my monthly cash flow.  But just as an example, why did a non-cash impairment charge result in the significant drop a short while ago?  Is it a lack of trust in PC, that he will go out and do another deal rather than stick to the knitting, so to speak?  I think good things will happen, but I do question why the shares can't gain any traction.
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