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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.


TSX:SGY - Post by User

Surge Energy Inc (Alberta)
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Comment by fortfryon Jun 14, 2015 10:05am
206 Views
Post# 23828530

RE:RE:RE:This is pitiful.

RE:RE:RE:This is pitiful. Problem for oil companies is debt. Oil was supposed to be 100 a barrel and interest rates were never going up so it was borrow all you can and then some. Interest rates will rise substantialy after US election so many oils stocks will have negative net asset value. 20 years ago 20 dollar oil was enough. Its not about price per barrel now 
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities