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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 rustycaton Nov 05, 2019 10:45am
189 Views
Post# 30310173

Upgrades and new analyst coverage coming shortly, but the

Upgrades and new analyst coverage coming shortly, but the event will be a year and a half off.  The Democrats will sweep the Presidency and the Senate, and they'll be courting the biggest demographic: Gen X, Mills, and Gen Z's.  And they'll rush for carbon neutral power generation, ending Student Debt, and of course banning evil, evil fracing.   SGY will be sitting very pretty when that happens, so, 24 months or so isn't very long and it will be "perfect".
Of course, with the collapse of the shale oil industry, it may not take that long.....

Kind of excited to see the upgrades soon.
Bullboard Posts