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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 Roverthingon Jan 11, 2016 4:53pm
300 Views
Post# 24447732

RE:RE:New Lows Ahead

RE:RE:New Lows AheadThe biggest mistake that SGY made was to cut only partially the dividends. They should have cut it completely the first time that they cut it and after it is finish. If they cut it again, it will be the third times that they scare the shareholders with the cut of dividends. Every time the SP decreases before they cut it and after having cut it. If they would have done it completely just once, the SP of this company would be probably close to 3.00$ today. But now with all bearish news on TV saying that oil is going to 20$ and the very high probability that they cut the dividend again on Friday, the SP might drop close to 1.00$ this spring. If it happens, this would be a very great buy! IMO
Bullboard Posts