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 rockman998on Nov 28, 2018 6:02pm

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Post# 29036421

Going under $1.00

Predicted Under $2.00 on Oct 24 Predicted Under $ 1.50 on Nov 8 Stock price going lower is not a function of lower oil prices now, but how long the low oil prices persist. If low oil prices last into January 2019 then dividend will be eliminated. Present oil prices and dividend will add $80M to company debt in next twelve months. Absolutely no help coming from the federal government. These stocks are no longer an investment, just a gamble.

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