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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 slacker101on Apr 08, 2014 3:56pm
421 Views
Post# 22426644

I think we have to ask ourselves.......

I think we have to ask ourselves.......why is the share price lower now than when the shares were halted and the news released?  Why so many eager sellers? That ones really confuses me.  Are we retail investors getting duped once again?  Oil up over $2.00 and this is just churning at best, sinking at worst. 

I think a very short leash on this stock is in order because something doesn't smell right with the trading.
Bullboard Posts