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 AyuFanon Feb 08, 2018 11:36am

114 Views

Post# 27526911

RE:RE:RE:RE:RE:RE:RE:New 52week low!!

the biggest issue with producers with rigs in Canda is tat the WCS gap with WTI is way too big now.

Last i check is around $32 to $33.. vs. average of $10-15.
i think this is cutting into the profits of SGY and their ability to give out dividends.

www.oilprice.com

see for yourself for the price gap and chart it yourself for the history.

with market falling, US production increasing, oil price falling.

This doesn't spell good for Canadian Oil rig operators..

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