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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 jerrybeon Feb 23, 2017 3:45pm
291 Views
Post# 25885002

RE:RE:Surge Energy increases NAV to $5.47 per share

RE:RE:Surge Energy increases NAV to $5.47 per shareI bought 2,000 more shares. No brainer here. You can sleep on it, NAV almost double current share price. Wells are getting stronger every quarter. The operations are getting better and better, dividend increased recently, and significant free cash flows will be generated if oil marches to $60...the future is bright for Surge Energy.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities