Bullboard - Stock Discussion Forum Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s): T.SGY.DB.B | ZPTAF

Energy Oil & Gas E&P

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... see more

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Surge Energy Inc (Alberta) > U.S. bill to place tax on Canadian crude imports

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Post by ariesleaf on Mar 12, 2021 12:27pm

U.S. bill to place tax on Canadian crude imports

What would SGY do about this added cost.?

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Comment by senseimike on Mar 12, 2021 12:46pm

It's equivalent to $0.06 per barrel. Considering the differential on WCS to WTI of $11.18 it is a non-issue. But that differential is an issue. If we could export to anywhere else besides the US they would be far nicer customers for our heavy crudes. Also, nothing like having a customer that intends to go into terminal demand decline. Asia and india are where we want to sell.

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Comment by ariesleaf on Mar 12, 2021 1:41pm

Now Canada's best bet is Finish the TMP ASAP for over sea's shipment's to Asia and India.

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Comment by Maxmoe on Mar 12, 2021 4:24pm

I don't agree with you very often but Thumbs Up! from me

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Comment by Maxmoe on Mar 12, 2021 4:27pm

I'd take it to the robber baron max and place an export tax on ALL the oil and gas exported south to pay for more and more capacity going east and west. Screw them.

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Surge Energy Inc (Alberta)