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 Kings_kidon Aug 05, 2017 5:17am

256 Views

Post# 26550604

RE:RE:RE:RE:Oil will retest $36.00 this fall

I remember nightowl, he has been on ignore for a long time!

my 2 cents:

- great 2Q results from drilling
- good acquisition, which is the only reason debt increased. If you remove the purchase price from the debt, we actually would have reduced our debt this quarter.
- should be a great year for Sgy, even if oil stays around $50.00.

Holding strong as I always have, check my history if you doubt me.

Have a great long weekend

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