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)

Bullboard Posts

Comment by QedYYC90on May 02, 2018 4:18pm

123 Views

Post# 27972582

RE:RE:RE:RE:Huge Inventory Build - > 6MM BBLS

Builds are a result of imports which US needs (not enough low API oil...) API average being processed is increasing, resulting in more gasoline and less diesel output (not by choice). Diesel is going to be lacking this summer... and I'm hoping WCS starts to trade at a premium!

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