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.

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Surge Energy Inc (Alberta) > CAN SGY GET TO $1.25 IN ONE YEAR.?

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Comment by soundandfuryon Jan 28, 2021 1:08pm

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Post# 32410643

RE:CAN SGY GET TO $1.25 IN ONE YEAR.?

ariesleaf wrote: SGY would need alot more investors .

well oil prices are approaching levels same as 2019...........in 2019 sgy had cash flow of 149 million........i think possibly sgy share price was over 2.00 in 2019 .........but as we have seen things can change in a hurry in oil business.........i would not be short oil here

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