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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 VeritasVernon Nov 09, 2023 1:21am
119 Views
Post# 35725358

RE:Oil's big slide: What you need to know

RE:Oil's big slide: What you need to knowQuite useless in my view, as there is very little in terms of S&D dynamics and just mostly speculation with some technical analysis. He does indicate potential $90 oil and I would agree with that if demand remains firm. 

Global stocks are at a low point and with only a small indication that demand my decline by an unknow but likely minimal amount. The spread between WTI and other benchmarks appear to indicate, based on vessels coming to the US, that exports will reach an all time high. That would translate into US stocks declining in the short term while supporting prices. Oil could go back to $65/b within the next several weeks but I think it is clear to most by now that politics and news reporting is used to manipulate prices lower and is by far the largest catalyst for declining prices. 
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