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 Dec 05, 2019 7:17am

285 Views

Post# 30423874

RE:Terrible leverage

HTKingdom wrote: These last 4/5 trading days oil equities have popped a solid 15-20%. Surge has had almost no leverage to this oil price increase. We should be in the 1.30s, disappointing thus far.

There has been alot going on with Surge behind the scenes! Buyout just around the corner!
MattyCrusher

Bullboard Posts

Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload