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)

Bullboard Posts

Comment by 2smart4u2on Jun 05, 2020 12:55pm

163 Views

Post# 31117150

RE:RE:this is short squeeze only .Debs are saying 50/50 still

So even with debs just in the $50's, oil is rising into the $50 cdn range which puts virtually all of Surge's wells in the profit margin again. I see Cardinal is starting to bring more wells back on line to bolster revenues. Expect Surge would do the same, and keeping capex and costs in check Surge shoud be cash flow positive.
Maybe this could have a positive effect on redetermination. Obviously with the volume there is accumulation going on by the bigger players.

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