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 galena03on Feb 01, 2019 2:10am

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Post# 29304679

Surge energy. Anybody with interest.

Surge energy looks to be starting a new uptrend. May be able to make a few dollars. If it drops to $1.20 I would be out. Great interest on Jan 25 technically.

With world oil prices consolidating I don't see any technical direction they might move in on my daily chart as of tonight. I still see it as being in a uptrend from $54.00 or so and there is always pullbacks.

The weed stock index I follow (hmmj) looks to be in the overbought area but technically it can keep moving in the overbought mode This is on the daily chart and of course it will always be a day late. Nice to see some happy faces with apha.

This is just something to read.

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