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) > oil price decline based on speculation

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Post by VeritasVernon Nov 07, 2023 12:45pm

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oil price decline based on speculation

Just how many times have we seen this play out in the past 2 years? Oil declines, mostly on speculation of decreased use and recession fears where the big traders accummulate then the fundamentals drive them back up where the traders then sell. Rinse and repeat for the past two years. A decline of WTI by three dollars today! Give me a break.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle