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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 Windyhillon May 13, 2015 6:22pm
404 Views
Post# 23726054

V.SGY - Not to Worry

V.SGY - Not to Worry Not to Worry !

I have been watching this one for a little while and have conducted our due diligence.
Surge Energy's management team have taken some tough decisions but the continued investment in the wells in upper Shaunavon and Valhalla will bring continued success even if the price of oils dips to where it was in the first quarter. Averaging WTI US$48.63 per barrel. The price quoted today is up to US$60.03

https://finviz.com/futures_charts.ashx?p=d1&t=CL

The sale of the non core assets in SE Saskatchewan and Manitoba was the right thing to do and puts the companies balance sheet on a more solid footing going forward.

As the production numbers increase in the next few quarters investors will see the value of this oil play and the herd will follow. Keep you chin up and know that you have a solid investment that will pay you a monthly dividend (yield of 7.13%) while we wait to see the shareprice move to the next analyst projections that will come in the days to follow. The time to buy is NOW !

ENSURE TO DO YOU YOUR OWN DUE DILEGENCE OR SEEK ADVICE FROM A QUALIFIED INVESTMENT PROFESSIONAL.

WindyHill
Bullboard Posts