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) > HOW MUCH NATURAL GAS DOES SGY HAVE.?

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Comment by Chris007on Dec 30, 2020 7:04pm

206 Views

Post# 32200405

RE:HOW MUCH NATURAL GAS DOES SGY HAVE.?

If you're a Nat Gas bull, SGY is definitely the wrong stock for you to own...best move along

As for your question, the company's production is heavily weighted towards oil.

As per the Q3 results, total production per day was 17,092 BOEs.

13,759 Oil
582 Nat Gas Liquids
2751 Nat Gas

Nat gas makes up less than a fifth of daily production