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)

Bullboard Posts

Post by Kings_kidon Mar 13, 2019 6:37am

235 Views

Post# 29476993

Q4 - Year end - Q1

Good morning,

My thoughts from my post yeasterday remain relatively unchanged.

Q4 - poor numbers but it was the way across the board in the oil sector in Canada. I believe the results were relatively in line with the streets expectations and really not as bad as they couple have been, ie CPG.

Year end - overall it wasn’t a bad year for SGY.

Q1 - looks like it is going to be an outstanding quarter, and we should all be rewarded come May.

Good luck to all the longs!

Have a great day!

Kid

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