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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

Comment by Countrin2tiveon Jan 07, 2021 4:17pm
204 Views
Post# 32247245

RE:My thoughts

RE:My thoughts A well thought out post.  I'd like to add that as a long, I'm happy to see a gradual trickle upwards rather than the "pops" that have occurred a couple of times since the oil price crashed. I believe it makes it more difficult for shorting and daytrading...for those who are, I can respect that for the risk you accept, but not where I'm at.  Nevertheless, may we all make lots of $.
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