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 Sjakkspillon Jan 31, 2018 6:38pm

247 Views

Post# 27475167

RE:RE:RE:RE:RE:RE:These guys know how too make money

When you consider that 2/3 of production uses the WCS benchmark and that the company has taken on a lot of debt over the past year then it shouldn’t be too surprising that the share price is weak. Currently the WCS differential to WTI is about $37 CA. The concern, I think, is that if the extremely high differential should be lasting, the CA dollar strengthens or if WTI drops again then things get rough. If all three should happen, well ...

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