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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

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

Bullboard Posts
Post by gracz11on Jun 12, 2018 12:49pm
208 Views
Post# 28160321

Re: uptrend

Re: uptrendI do not understand why nobody is talking about the fact that Trump asked Saudis for 1 million barrels extra. That is a huge increase and it sure looks that Trump needs it, meaning they are not able to ramp up their production as much as the said. He is playing nicely with Putin - Russians  already increase production in June and giving Saudis gifts by destroying Iran.
 
His musings about letting Russia to reenter G7 - was it a "payment" for Russians increased production or Putin has something on Trump.?

Regrdless, SGY is one of the best ran companies in Canada.
Management is everything.

We are on our way to $3, albeit slowly ...


Bullboard Posts