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 Kings_kidon Apr 16, 2019 4:01pm

240 Views

Post# 29635369

SGY - oil price update

Good afternoon,

Just a quick update on what SGY currentlay recieving for its oil.

As of this afternoon, SGY is selling it’s oil for an average of $77.75/ barrel Canadian.

Also, i’m A fan of no div raise at this point. If oil prices stay at these levels as of June, then it’s time for an increase. Just my opinion.

Have a a great night!

kid

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