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 Kings_kidon Jan 25, 2018 6:48am

279 Views

Post# 27429818

RE:Oil price - from company

Good morning,

Over the last couple of weeks I have seen people asking about pricing again and noted the article about WCS in the Finacial Post yesterday. I have replied to an older post of mine, just as a reminder of how the price SGY gets for oil comes from. I have also updated it to today’s pricing below:

66% WCS - 39.35 USD @ exchange of 1.23 = 48.40 x .66 = $31.94

33% MWS - 59.90 USD @ exchange of 1.23 = 72.68 x .33 = $23.98

AVG price SGY is getting at today’s prices is $55.92/barrel. Now keep in mind this is not including hedging of both oil and USD. In saying that Sgy is getting more the $55.92/ barrel and therfore even with the steep discount to WCS still making money!

Have a great day!

Kid

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