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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 puntabeachon Apr 26, 2013 12:11pm
195 Views
Post# 21306059

Acquisition by CPG

Acquisition by CPG

Do not be surprised in case  CPG  acquires  SCS.

Paul Colborne, is buying both  and  he  is  an  insider  for  both  companies.

CPG  has  operations  in  all  the  areas  where   SGY   operates.

CPG  can  pay  with  stock. CPG  stock  is  expensive  and  helps  it  use  it  this  way.

CPG  and  SGY  is  heavily  oil  weighted   and  SGY  fits  CPG  model.

Bullboard Posts