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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
Comment by honda777on Dec 09, 2014 12:23am
293 Views
Post# 23209152

RE:RE:RE:BNN

RE:RE:RE:BNNFools with their heads in the sand can't see that. That's why they are going broke. Name calling helps them I guess.  Stick and stones... Oil is down tonight again. Vermillion cancels all 2015 spending projects. Precission Drilling is cancelling all future drilling rigs. $150 billion of future projects in the Energy sector are being scrapped next year and the blind with sand in their eyes see it as a hiccup. When they jump off the bridge, hope they  wave bye bye. IT IS WHAT IT IS! A great short. 
Bullboard Posts