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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 1crisisatatimeon Jul 10, 2015 5:22pm
138 Views
Post# 23913082

RE:$7.00

RE:$7.00Not I, Str. At last not for at least 5 years imo. I have seen many predictions that oil could see $40. before we finally start to rally back. If China continues to stumble, we all feel it..Hopefully the lng can keep the price from falling further with oil, but the guy who can call bottom is going to be the big winner I still like this position long term, but daily trading here has hurt me enough. I will wait for the slow climb back and recover my losses eventually. By the way...I peed in you pool PB! lol
Bullboard Posts