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.

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Surge Energy Inc (Alberta)

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Comment by Khersonon Dec 16, 2019 10:02pm

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Post# 30461859

RE:Takeover is still possible

soundandfury wrote: But must happen soon or the takeover window may close........i believe cpg will do a friendly takeover of sgy and will be done with the blesding of sgy bod @ 3.00 to 3.20 per share........might be a cash and share deal ......but of course this is all pure speculation on my part.

I completely agree with your assessment of a takeover, but having watched for the last year on how hard the manipulators have walked the share price down, I think a 300% premium on the present price is a bit rich.
Kherson

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