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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 ORTNEWBIEon Jul 22, 2015 12:42pm
196 Views
Post# 23949155

RE:RE:Short2

RE:RE:Short2Poolgoy......Either you (1) are a super distraught investor who sold and lost a huge amount of money or are still holding and on paper you are losing big time. If this is the case, you should have sold when the Saudi's decided to keep pumping lots of oil despite the dropping oil price in order to glut the market with the goal of eliminating shale and oil sands competition.
Bullboard Posts