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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 yahearmeon Mar 28, 2014 11:13am
258 Views
Post# 22381547

RE:Of the 16 Canadian oil and gas................

RE:Of the 16 Canadian oil and gas................Agree 100%. I should have waited to buy into SGY but took a very very small position unlike the HUGE position I have on BXE which is now a double for me and I still hold 100% of my shares. Won't even think about sell some of that one until we start hitting the targets in the teens.  I don't understand this company SGY SP movement and trading. Guess I should have studied it further but got "sucked" in by the divi.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities