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 powermanon Jan 20, 2015 11:28am

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Post# 23339254

RE:RE:RE:RE:Saudi's shorted oil 5 months ago

Anybody who post such supidity should be careful who they call retarded. Here is some simple math for you. Saudi Arabia produces 9,700,00 bbls/day. If you short this from $100 / bbl down to $40 / bbl you will make 60 X 9,700,000 = $670,000,000 on the trade. At the same time you are loosing that amount each day. I am not seeing the trillions in profits you mentioned in your most recent stupid post. I am seeing the Saudies loosing $6,700,000 per day. get a grip.

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