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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 taman1on Mar 20, 2014 2:42pm
379 Views
Post# 22347543

No doubt SGY

No doubt SGYis a great buy below $6. It was very painful till today ....LOL Surge finally surges. When Colborne bought LNV, SGY was trading at $6.25 ... and the uncertainty has been bad for SGy but good for LNV ...now that SGY has confirmed its financials, the markets are more confident that SGY is really in the driver's seat .... hopefully SGY gets to $6.60 and LNV can be had for $6 for a share swap at about 0.9 SGY ..thats what the markets have been saying about the valuation ..I think everyone will be happy but there is a big wall to cross to get there ..I am sure Colborne has done his homework ...at 1:1 it will be disastrous for SGY and below $6, LNV holders are unhappy and a few weeks trading at this level for LNV may have LNV more amenable ..LOL ...at $6.60 SGY and LNV at $6 it appears ideal ...again my 2 cents ..and I am holding strong both companies ..at least we get between 8% to 9% for a consummation ...LOL
Bullboard Posts