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 invest888123on Mar 23, 2018 9:39am

203 Views

Post# 27768793

RE:Momentum

that pretty much sums it up

Kings_kid wrote: Good morning!

For is who have been in sgy for years now it is great to see the action the last few days! I think yesterday was the most impressive day, the DOW was down 700 points, oil down, oil stocks down and SGY up by a penny! I think SGY is finally being noticed and we have a strong support here for the following reasons:

1. We are currently getting over $60.00 a barrel for our cruse (CAD)
2. Aggressive buy back program
3. Strong insider buying
4. Strong fundimentals
5. Great drill program

With OPEC now looking at extending their cuts into 2019 and several large Canadian producers cutting production due to pipeline capacity our price per barrel should continue to climb.

Really looking forward to what 2018 has in store for SGY!

Have a great day!

Kid