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Surge Energy Inc (Alberta) T.SGY

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

Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.


TSX:SGY - Post by User

Bullboard Posts
Post by stuckinonowayon Jan 23, 2012 8:52pm
346 Views
Post# 19439495

first energy

first energy

a jan 10 report from first energy has an outperform rating and $13.00 target.a few more small insider buys last week.a lot of money going into the fad of the week plays (columbia/thailand) and the rumored take-over targets.with some relative sucess at the bit and a little restraint with the bank line i can see some good things come late spring-early summer.time will tell

Bullboard Posts