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 honda777on Jan 06, 2015 4:09pm

343 Views

Post# 23291248

RE:RE:OIL CRISIS DOES NOT SUPPORT DIV MODEL..FOR NOW

Not when oil is going to fall more than you want. May hit $30/b in a month, as per a CEO of an oil company in Louisiana, who advised me to sell 4 months ago. Thank God I listened to him and shorted Baytech at the same time. This share price will jump, but from where? 50 cents? Was down 12 % yesterday and over 14% today. SGY is in trouble.All the false hope does not help.

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