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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
Comment by 2smart4u2on Oct 01, 2018 4:55pm
216 Views
Post# 28724744

RE:Fighting Technials again today....

RE:Fighting Technials again today....After a 25% run after the aquistion there is resistance and consolidation at this level. This morning it jumped 3% early likely on early retail buying. Then for some reason heavier institutional trading brought it down fast and seem to want to hold it back for now before a run to the $3 level. With the new shares I think Surge wants to be  a billion dollar market value player again and be added to some more indices, imo.
Bullboard Posts