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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 Finantialon Dec 05, 2014 8:55am
429 Views
Post# 23198557

“The oil price will definitely rise significantly in 2015”

“The oil price will definitely rise significantly in 2015” (In the article Seeking Alpha) This remind me of Feb-March 2009, the market was down 40-50%, the world was ending. They were prediction 3000 Dow. By spring we were recovering from all this nonsense. And if I remember correctly from the bottom of 2009 end up was a good year. My gut feeling tell me this is nothing but tax loss and stupidity and by February-March the storm will past. During this period, the weak one may be in trouble like GM & Chrysler in 2009. If we invest in good company we will make ton of money when the pendulum swing the other way. I would rather own oil & gas stocks down 30-50%, than any other stocks at all time high today. Yes I’m being a greedy investor in oil & gas right now. I’m very patient and prepared to wait for idiots to come back.
Bullboard Posts