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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

Energy Oil & Gas E&P
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

Surge Energy Inc (Alberta)
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Comment by felix10on Mar 17, 2016 12:57am
200 Views
Post# 24668210

RE:RE:RE:Year end earnings are out.

RE:RE:RE:Year end earnings are out.loki:
Where did you find the information that the company earned 7 cents on the quarter and .54 on the year?
The news release says Funds from Operations were 7 cents in the quarter...not to be confused with earnings. And the latest annual financial statement on Sedar says the company lost 214 million dollars or 97 cents a share last year. Not trying to be negative....just trying to confirm the actual numbers.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities