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.

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Surge Energy Inc (Alberta)

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Comment by PAGODA5on Apr 17, 2013 12:12pm

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Post# 21265719

RE: RE: RE: RE: RE: Market Call top pick

OPEC is less significant in an era where the US is producing nearly as much oil as the Saudis. I wonder how much they can move the oil price these days. Would be interesting to see.

Surge can only hedge for so long and that is just for 2013 and only 1/2 their production. Any way you cut it, lower oil will hit their bottom line at some point. Investors look beyond current production. As oil goes down, sure as guns Surge and all the oils, hedged or not, will follow.

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