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)

Bullboard Posts

Comment by honda777on Dec 30, 2014 7:53pm

308 Views

Post# 23274020

RE:RE:RE:An early bird (looks like a canary in a coal mine) cut backs

Guess I was wrong to get rid of all my SGY 4 monrhs ago and short BTE. With 190 billion dollars in projects for 2015 cancelled, is why Civeo are not building housing for oil workers. Builders are skilled workers, but what do you know, living in you fairy tail dreams. As oil drops, debts will rise and if you think it is short term, good luck with yout next head DR. appointment. The smart ones sold and the longs need a better BS course for this bullboard.

Bullboard Posts

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