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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 Poriemonon Jun 04, 2015 4:59pm
214 Views
Post# 23798427

RE:RE:RE:BUYING OPPORTUNITY

RE:RE:RE:BUYING OPPORTUNITYIt was a bearish post, not candy coating.  WTI being down independently of an improving US economy is one thing, all major NA indicies down as well as essentially all major natural resources in the same day is an indication people are anticipating an interest rate rise, which is bad news for any equities, and especially bad for producers of natural resources (specifically gold and oil).
Bullboard Posts