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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
Post by UppersDownerson Mar 28, 2017 2:43pm
169 Views
Post# 26041887

Oil Sector Is So Beaten Down

Oil Sector Is So Beaten Downin the last several weeks that you could see a 30% increase in many of the oil and gas share prices just to get back to even. Most of the U.S customers that left will return and if oil heads toward $60 as Eric Nuttal says then buying these small cap oil companies is a win win.  Would not be surprised also to see a bullish inventory report Wednesday as well. Is the bottom in? If not pretty close and hate to be on the outside looking in.
Bullboard Posts