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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 powermanon Nov 15, 2018 2:15pm
105 Views
Post# 28981561

RE:Should there be forced production cuts in Alberta

RE:Should there be forced production cuts in AlbertaThis is so stupid. To think the goverment has to step in to tell producers to stop producing at a loss. Must be the the stupidest CEO's in the world. Period. At least some are thinking about what needs to be done. Maybe they can get to the next level and figure out how they can do it without asking the government to do it for them. Pretty damn pathetic. The blame game will not stave off bankruptcy. And it sure as he ll does not help my O&G investments. DF
Bullboard Posts