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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
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(37)
•••
Comment by Countrin2tiveon Aug 18, 2020 3:34pm
155 Views
Post# 31424543

RE:RE:RE:RE:Oil Supply Now in Deficit?

RE:RE:RE:RE:Oil Supply Now in Deficit?The API inventory will be out later today at 1630 Eastern.  The forecast was a draw on inventory of over 2m bopd, which with consideration of the previous weeks could confirm trend towards supply deficit - and great for supporting trend to higher oil price and ultimately our SP.  Bullish trend is apparently suspected on the oil markets.

https://oilprice.com/Energy/Energy-General/Bullish-Sentiment-Is-Building-In-Oil-Markets.html

Lets hope. 










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Bullboard Posts
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