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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Comment by summerb37on Nov 14, 2019 9:42pm

88 Views

Post# 30354126

RE:RE:RE:RE:Change in curtailment

Kings_kid wrote: Summer,

Your post is misinformed.

The last time o spoke to investor Relations at SGY regarding the price they receive for their oil, it was 45% WCS and 55% Canadian Light. Both of which trade at a discount to WTI.

I'm proud to be long in SGY, but also want people to know the truth.

Good luck to all the longs!

Kid

Thanks for the information. I find it interesting though given their presentations have (my understanding of what they are presenting) suggested they have more oil hedged to WTI than WCS or Edmonton Light.

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