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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 2smart4u2on Nov 13, 2016 10:26am
154 Views
Post# 25454297

RE:RE:RE:2smatrfor U in his last post writes

RE:RE:RE:2smatrfor U in his last post writesStockwatcher you must have Ramman1 on ignore, I was responding to a post from that poster trying to compare what Birchcliff was doing to what Surge could be doing which was ridiculous. 
Here is that post.

In the very last line of his post below, ''if we could get oil back to $ 60,you might see production to 15000-20000. I don't quite understand. If T.BIR can sell forward ''oil'' in hedges of $ 64.38 for 2016, and sell forward hedges of $ 71.40 for 2017, is that not above your required $ 60. Gets me back to the point, get production going now, and put those hedges in to support it. Don't ''sit on your ---' , do nothing, then complain about oil prices ,everyone is in the same boat. The only difference ,''they are both divi paying models now", is the quality of management , as the assets are both excellent within each company.
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.sgy&postid=25453106#W226JV4D5dGlbkVm.99
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