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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  T.SGY.DB.B | ZPTAF

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

Comment by Cheadle12on Oct 20, 2020 11:47pm
221 Views
Post# 31753148

RE:SGY

RE:SGYI guess @stockwatcher248 is a little late to the party, let me update you.

1)  It's about EV not just market cap.
2) SGY has tonnes of debt, thus EV is high.
3)  Buyers for the equity are running low and selling off continues.
4)  Banks are circling, wanting their money back.
5)  CCAA very likely here.
6)  Kherson pumped this name all the way down from $2.  He's either a genius short seller or a total imbecile.
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