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.

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Surge Energy Inc (Alberta)

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Comment by darniton Dec 11, 2014 11:32am

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Post# 23219384

RE:RE:Oil approaching 60.00

$60.86 down .06 Canadian dollar .8673 down .003 Not that it makes any difference as things have a long way to get figured out. Will OPECers increase production to make up revenue short falls? Will Russia go off the deep end and increase production to try and shore up its balance sheet? Will the cut backs in CAPEX in the US take out a large percentage of the REAL job growth the BLS has been pumping? The cards are only being shuffled and the real game hasn't started.

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