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)

Bullboard Posts

Comment by Johnnysbackon Apr 19, 2017 9:47am

220 Views

Post# 26136451

RE:RE:Good news

spacegimp wrote: $37 mill. for 750 b/d in core sparky , no added costs to tie in etc. ...i would say they picked it up cheap, another excellent move .

I agree... and I also still think there is some share accumulation going on with some institutions... I dont normally speculate about buyouts, but I think there is a decent chance SGY gets bought out this year. trading at less than 1/2 of NAV... Its a no brainer for the likes of WCP, or CPG.. Not sure how that could play out for them but I smell something cooking.

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