Surge Energy Inc (Alberta) T.SGY

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

Energy Oil & Gas E&P

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

Surge Energy Inc (Alberta)

Bullboard Posts

Post by nuveux13on Jan 21, 2013 9:25am

305 Views

Post# 20865627

Analyst Downgrades

I dont know if this url is accessible, pasted the relevant SGY info below. Dont know why the steep downgrades

research.tdwaterhouse.ca/research/Markets/NewsArticle/1314-L4N0AQ3TA-1

  * Surge Energy : TD Securities cuts target price to C$5.50 from C$7.50; rating buy    * Surge Energy : CIBC cuts price target to C$6 from C$9; rating sector outperformer    * Surge Energy : Raymond James cuts to market perform from outperform    cuts target price to C$5.50 from C$8.50

Bullboard Posts

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