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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 unc12345on Jan 08, 2021 8:08am
147 Views
Post# 32252170

RE:My thoughts

RE:My thoughts Thanks for the insights and I truly hope you are correct.  I would add that I think Surge is a "show me" stock now that may or may not move based on financials.  It was so close to the edge at the start of the pandemic and I think any faith from investors can only be restored if they can show that they are back on the right track and have indeed been able to generate some cash flow at current prices.
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