Surge Energy Inc (Alberta) T.SGY

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

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 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.

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Surge Energy Inc (Alberta) > Funny activity

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Comment by masfortunaon May 06, 2022 11:24am

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Post# 34662240

RE:Funny activity

Both Sgy and Obe are a recovery long term play. Both were close to extinction with unmanageable debt with oil at $50. Both need to increase revenue to increase production to take advantage of high oil prices. If they succeed in ramping up production (which will be based on wti pricing mostly) and you believe this bull cycle is here to stay for 5 years+ BOTH will outperform their peers. It will take some time...

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