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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 darniton May 12, 2015 8:17pm
405 Views
Post# 23721839

RE:What a great Q1 Report

RE:What a great Q1 ReportThis report is the pin-up Girl type report for the sector. For anyone wanting to establish a position in the Oilies this is the Gold Standard which only the Uniformed will ignore. Smart Investors will pile on (along with a couple of Surge Pigs I know that will be adding). Reminds me of a funny occurrence today-- as I was driving along Interstate 5 in southern Oregon, I passed a Tesla that had the vanity license plate: SUNPWRD. I rolled down the passenger's side window and shouted: Hey, that's Coal Powered, NOT sun powered. Alas, the Driver glanced at me with disdain and condescension. (Rant) and Elon Musk's Tesla stock trades in the mid $200s with a production of less than 30K cars running on electricity that is primarily generated by coal burning power plants.....
Bullboard Posts