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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 rustycaton Dec 28, 2015 11:29am
132 Views
Post# 24414824

RE:RE:RE:management has many options???

RE:RE:RE:management has many options???One can only hope they dismiss the Divi before Summer.  The Divco model, in this environment is Not in the Shareholder's best interest.
The elephant in the room will be how many Companies will panic pump when they can't stand the pain any more and the Banker's at the Door?  There will always be bonuses to pay, especially  when the writing is on the wall that a Company is going down the tubes, so I don't expect a V shaped pricing bounce for oil at all.
HK's massive reverse split today will probably be repeated a whole bunch of times in the next couple of quarters  
Bullboard Posts