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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
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(2)
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Comment by rustycaton Jun 11, 2019 2:08pm
107 Views
Post# 29815962

RE:RE:RE:Mismatched Operations

RE:RE:RE:Mismatched OperationsOne thing about oil is when everyone and their brother thinks they know which way things are headed, oil confounds and it goes the other way.  SGY's oil is sold at a premium for mixing with super light to the refiners that need the mix.  SGY is working on reducing its debt, which is better for shareholders than increases in divis.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities