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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.


TSX:SGY - Post by User

Surge Energy Inc (Alberta) > Interesting discussion...
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Comment by VeritasVernon Oct 12, 2022 10:03am
233 Views
Post# 35019330

RE:Interesting discussion...

RE:Interesting discussion...The most supportive comment was that countries will begin to use oil instead of gas for power needs as the price of gas is too high. His estimate was near 1 million barrels I believe. Would have to agree with that assessment given the tight gas supply in the EU and outrageous prices. 

zack50 wrote: EN joins BNN Bloomberg to discuss OPEC+ production cut and what it means for oil prices. He says the oil price selloff since the summer is 100% being driven by non-fundamentals like recession risks, a strong U.S. dollar and not any weakening in fundamentals.

It's a short discussion... check it out at the link below:

https://www.bnnbloomberg.ca/video/opec-wanted-some-spare-capacity-to-smooth-things-out-in-global-energy-market-eric-nuttall~2536310


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