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 jagsfanon Mar 17, 2020 1:05pm

117 Views

Post# 30817633

RE:RE:RE:Paul Colborne's interview on BNN rescheduled for today@11:20

I watched most of Colborne's interview & my impressions were mixed.
He was not overly excited or emotional but he did look worried.
Main fact was that SGY has reduced its debt load over the past year by almost $80 million & while that's usually a good thing; I'll bet they could do with that cash among their assets right now.
If SGY doesn't go kaput in the near future then it's a good buy at today's price; so it's an all or nothign 'investment'.

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