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.

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Surge Energy Inc (Alberta)

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Comment by rayjd93on Jun 21, 2016 10:12pm

128 Views

Post# 24985851

RE:As Saudis Keep Pumping, Thirst for Domestic Oil Swells

jubatus1 wrote:
As Saudis Keep Pumping, Thirst for Domestic Oil Swells

Kingdom is poised to break records for crude output, but its ravenous energy needs threaten its ability to ramp up exports
https://www.wsj.com/articles/as-saudis-keep-pumping-thirst-for-domestic-oil-swells-1435786552

This is very interesting because Saudi's have been already heavily drawing from stockpiles to maintain exports, their current stockpiles are the lowest since August 2014:

https://www.investorvillage.com/smbd.asp?mb=4288&mn=221436&pt=msg&mid=16108762

So, they are already selling more than they produce, and now they need hundreds of thousands more barrels a day to satisfy domestic power demand.

Bullboard Posts

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