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, Greater Sawn and Shaunavon. 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 potential for continued area consolidation. The Valhalla operation is offering stacked pay multi-zone potential with light oil and provides range of area infrastructure and access to multiple egress options supports attractive operating netbacks. The Shaunavon operation is producing low decline, medium gravity crude oil with high operating netbacks. Its Greater Swan operation consists of concentrated light oil asset with conventional slave point reefs.

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Surge Energy Inc (Alberta)

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Post by radcaton Jul 25, 2021 8:00am

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Post# 33601712

Rinse & Repeat

Sometimes its good to go back in time and review previous News Releases. You can take a look at all of the purchases and sales of assets Surge has done over the years and you might conclude was it really worth it in the end? The deals SGY did you'd think we would have substantial production and are a big success. Surges pattern appears to be buy assets, then sell assets to pay for the debt they took on to buy the assets in the first place. Its like a rinse and repeat saga. A company's success is determined by the value its share price trades at. Paul has a history of playing debt Russian Roulette with Surge but its the shareholders who are getting their brains blown out! Time to travel a new road since the one we are on isn't working. And that would involve a management shakeout since they have failed miserably at steering this company into the success it should have been.