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 ariesleafon Jul 25, 2021 6:32pm

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Post# 33602455

SGY FUTURE HINGES ON FINDING NEW INVESTORS

This hard to do when so many companys are in the same boat.
For all concern the real and best way in todays market is M&A.
Sgy and lots other are just to small.

Question to all is what do you think the of the shares should be $1.05.?
1 for 8.5 consolidation would be at todays share price $4.76 not worth that and no new investor would buy. And for us to average down is nuts.

With oil prices today SGY would be better to do nothing until they have spare cash.
Thats when you buy back shares and start with a small dividend m=0.01

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