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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 Papagalloon Oct 08, 2015 4:38pm
324 Views
Post# 24176894

PC is THE class of the oil patch

PC is THE class of the oil patchMost of his insider buys were well over $4 and many a the highs over $8..,.he is not an opportunist at the expense of loyal shareholders..just the opposite..takes no salary and puts money where his mouth is..he duped TOG into paying top dollar for his lowest quality non core asset, and pulled it off while others were fiddling. $4 is merely a short term threshold...nothing more...his goal is to build SGY into a major player with best of class assets, much like CPG...this is a stock to own forever.
Bullboard Posts