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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 PreludeSHon Aug 17, 2023 12:42pm
170 Views
Post# 35593143

RE:RE:RE:Scratching my head…

RE:RE:RE:Scratching my head…If you look at Tamarack Valley, and even Baytex...companies that do acquisitions get punished in this market.  Investors rightly or wrongly dont have a long investing horizon for the oil industry...so why are oil companies looking to grow their inventory....instead oil companies should be planning on sunsetting...either privitaize or deplete your inventory and give all profits to shareholders to the point that the company eventually closes.
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