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)

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Post by Kings_kidon Aug 09, 2018 7:38am

240 Views

Post# 28431982

Q2 results

Good morning!

i scanned through the results and everything appears to beat expectations. Cash flow is king in the oil business and SGY did a great job in increasing theirs this quarter!

That being said, should be a nice bounce today, especially after yesterday’s fall in oil prices. Provided oil stays flat or ticks to the upside today SGY should get a nice rally.

One finally thought, there were no major announcements in the Q2 results, which is par for the course in how SGY typically releases. I expect there will be more news in the next couple weeks, however for today SGY wants everyone to see the great numbers.

Have a a great day!

Kid

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