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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
Post by Khersonon Jun 06, 2020 8:28am
284 Views
Post# 31119675

High Volume!

High Volume!I am not surprised with the timing of the recent high trading volumes! If a merger is indeed in the works, those involved in manipulating the price downwards, have now covered! 
Reflecting back on the Daylight Energy takeover from years ago, we had high trading volumes a few days before the announcement which was actually on a Sunday!
But, on the other side of the coin, merger talks could have failed which would also result in short covering.  Either way, these are exciting times for us shareholders as everyday the equity value of Surge is increasing simply due to the increase in the oil price!

Kherson
Bullboard Posts