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)

Bullboard Posts

Comment by haywoodjablomieon Nov 03, 2014 10:13am

532 Views

Post# 23088055

RE:Earnings Preview

Little doubt the earnings will be good . Problem is mean, old Mr.Market has it in his head that oil prices are going down to $9.95 a barrel .
The only potential bright spot on our horizon is the OPEC meeting at the end of the month . A modest tightening of the spigot on their part and we may recoup a portion of our hard earned losses .

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario