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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
Comment by honda777on Jan 09, 2015 12:10pm
259 Views
Post# 23302402

RE:SGY can stop shorts instantly!

RE:SGY can stop shorts instantly!Repurchase with what? Debt is growing and they are trying to stop bankruptcy of SGY, which looks impossible in the next year as oil prices are going lower and will stay lower for a long time. Soon their debts will be called in, and adios amigo.I can't believe greed  over looked getting out 4 months ago when the signs were there. Much easier to get out early than too too late. GL to all. They will need it.
Bullboard Posts