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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 zorzieon Jan 17, 2021 1:47pm
204 Views
Post# 32315741

RE:Disclosure.

RE:Disclosure.Hey Gabora,

Seeing as how nobody has actually given you any helpfull commentary,  try this on for size... 

HIGHLY recommend you listen to the this podcast from last week.    I think It will answer a lot of your 2 year time horizon questions. 

https://www.macrovoices.com/932-macrovoices-253-art-berman-u-s-oil-production-still-set-for-steep-decline-in-2021

- You will need to create an account (free and easy) 
- download the charts and graphs package, again, easy.   
- Set an hour aside and follow along.   Art comes on at around the 18:50 mark,  but the opening commentary is worth listening to as well. 

Best of luck in 2021'.    Averaging down served me well on TOG,   I was a holder pre-pandemic, and am already 40% into the positive from averaging down. 

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