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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)
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Post by philip3on Dec 16, 2014 10:22am
317 Views
Post# 23235184

Curiuous move

Curiuous move

Oil down another $2.00 this morning and the stock is up 0.20. Wondering if people are startring to step in and find value in these oversold stocks.  Pretty dangerous time to buy though. The Saudis signalled that they'll keep on pumping down to $40 a barrel.  I don't think the carnage is over yet.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities