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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
Post by largeinvestoron Jan 09, 2015 9:42pm
597 Views
Post# 23304588

Analysts are sleeping again

Analysts are sleeping againLooks like large has to do the work for them.   I was reading over the TD report on Surge today and had to bust a gut laughing.  I mean didnt you guys read the NR Paul put out?  He said he bought two properties in Q4.  Now do a little work for once in your lives, follow up on that and find out what Surges year end debt is.  Well large is here to tell you its $555 million.   Yeah so we are going into this decline with an over leveraged balance sheet, which I am not happy about.  I have decided to put any new money to work at WCP instead, rather then SGY. WCP is basically unchanged on the day and SGY drops another 5%.  


Bullboard Posts