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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

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

Bullboard Posts
Post by Farmer12on Jun 13, 2019 2:25pm
69 Views
Post# 29823372

Alberta

AlbertaPer capita income in Alberta, despite the low oil prices, is still relatively strong compared to the rest of Canada. That is why Alberta and 3 other provinces are contributors, from FEDERAL general revenues, not directly, while the six other provinces are receivers of transfers. Fiscal policy takes 3 forms: tax, spend, transfer. We are a civilized beautiful country because we look after the old, the weak, the sick and the very poor. There are all kinds of tranfers to achieve this, ie OAS, EI, etc.
Bullboard Posts