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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
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(28)
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Post by NinetyFourOctanon Jul 12, 2018 10:05am
137 Views
Post# 28305367

MEG did it, so can SGY

MEG did it, so can SGYhttps://business.financialpost.com/investing/market-moves/crudes-bull-run-made-this-oilsands-producer-canadas-top-stock Although on different ends of the spectrum in regards to the oil being produced, MEG had a huge run. The good news is SGY is about to start its run, with a lot less debt and free cash flow to boot.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities