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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)
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Comment by newenergyguyon Nov 01, 2013 10:49pm
293 Views
Post# 21870390

RE:RE:RE:today

RE:RE:RE:todayvery difficult day for oil producers......you're paying premium for access to Paul C, assets cannot support the currently rich valuation compared to peers. growth coming by of acquired inventory, doesn't come without risk.....probably wished they picked up the ERF purchase. Time to rotate into RPL
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities