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Surge Energy Inc (Alberta) T.SGY

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

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.


TSX:SGY - Post by User

Comment by scienceguy36on Mar 10, 2022 12:11pm
182 Views
Post# 34503395

RE:RE:Not a happy shareholder right now

RE:RE:Not a happy shareholder right nowI assumed the hedges reported were in U.S dollars until i went back and read it today. I now see more opportuntiy for growth in at least a half dozen other oil companies that have less restrictive hedges. If this stock ever gets back up to $9.00 i am selling. i don't think they will realize anywhere close to the stock price that is being suggested in 2022. If oil stays at elevated levels the next few years then 2023 will be good for Surge.
Hope i am wrong with my pessimistic outlook and good luck to the longs.
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