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

Comment by JTPlives1on Nov 10, 2020 10:29am

88 Views

Post# 31869809

RE:RE:RE:RE:Nice portfolio sarge!!!!

SargeX wrote: Hey Sol

My initial post was about how I got burnt with SGY. My wife & I held for a couple years and lost $18k. It led me to never buy another oil & gas producer for the long term.

At the time I sold (at $2.47), the SH board was saying all the same things as they are now. I thought some people may find my experience as a bit of a learning lesson. (or at least a heads up)

Ciao
Sarge

sollmg wrote: You do have to question why you are posting here if you have no interest in SGY