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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 Khersonon Jun 18, 2020 7:29am
136 Views
Post# 31163656

RE:RE:RE:June 15th is a key date...

RE:RE:RE:June 15th is a key date...
Theconsortman wrote: HWX is in no rush to buy assets/companies. There is little competition and the effects of the price collapse are still playing out over the next few months. If I was a HWX shareholder I would want methodical patience and a very thorough anaylysis of any assets they are considering. time is on their side.




Actually, quite the opposite is true! When you look at the talent pool that Headwater has brought on board and the strengthening in the oil price plus most importantly, the collapse of the US shale business, time is running out!
Kherson

Bullboard Posts