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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
Comment by honda777on Mar 10, 2020 12:55pm
144 Views
Post# 30789075

RE:Top reasons to own SGY

RE:Top reasons to own SGYMy reason not to own it is that this Coronavirus is about to explode with March break travelers. RBC employee now has it, who may have spread it at Raptor and Leaf games. They need to take France's lead and not allow gatherings of more than 1000. Until it passes all games and the coming Jays games should be played in empty stadiums. But with a lameless PM, the price will be paid with a lot more sick people growing daily!
Bullboard Posts