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

Comment by Khersonon Sep 14, 2019 8:46pm

143 Views

Post# 30127694

RE:oil backdrop overhang is cleaning up big time

exprohibition18 wrote:
1. cdn inventories drawing - now lowest tightest in multiple years AND
2. wti to brent spread narrowing as EIA reports decline in US Production recently
3.Arc Institute Global Oversupply narrows to near balance
4. Spec long positions the lowest in years on WTI- no one is postured for upswing
5. US total oil stocks have drawn signficantly over past 2 mths - by over 50MM bbls

According to company presentations -our near 10% yield is secure at current price

https://boereport.com/2019/09/06/western-canadian-crude-inventories-decline-in-august-genscape/