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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 honda777on Dec 10, 2014 10:23am
362 Views
Post# 23214400

Slot Machine

Slot MachineThe price of oil is like the slot machine effect. One day it is up a little, showing some hope and then bang, down $2, taking more money ftom the pockets of the longs and the new buyers. When the energy sectors are cancelling $150 billion in 2015 projects, and cutting dividends all over the place, why do people ignore the signals, and not short, until oil prices hits the bottom, is beyond being dumb.Especially when the financial sectors are dropping also, as they will put pressure on those with debt. GLTA! 
Bullboard Posts