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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
Comment by taman1on Feb 28, 2014 9:41am
272 Views
Post# 22263305

RE:Looks like the news isn't very well received

RE:Looks like the news isn't very well receivedHard to say ..market can be difficult to predict ..LNV just reduced divs and SGY just increases divs ..I think SGY can only go up from here ..maybe over $6 at least to get deal done ...if not LNV might dither .... be unacceptable at $5.60 for LNV IMHO ...
Bullboard Posts