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)

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Comment by 2smart4u2on May 25, 2018 12:01pm

127 Views

Post# 28081088

RE:RE:RE:RE:RE:RE:RE:RE:RE:This Is Bull

Last two corrections for Surge were 15% each, this one right on cue. Oil drop was timed after week eia report Opec issues negative statement about demand just in front of US long weekend to maximize effect. Why? to correct paper market and drive a lot of the longs out.
There has been some pressure on Opec to raise production at June meeting which they would probably prefer not to do, and instead talk the price down. In the last 4 years how many times have we seen this!
Corrections like this in oil are quite common after a bull run (5 to 10%) and Surge is always oversold in the process and likely priced for low 60's oil.

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