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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 blackdogon Feb 03, 2021 10:50am
87 Views
Post# 32457922

RE:RE:RE:$55.50 WTI

RE:RE:RE:$55.50 WTI
Day traders and short selling (1.2M shares in the case of SGY in the last two weeks) are a factor.  Why this should be so with prices trending the way they are is still a good question. Read Vivian Krause and Nemeth and then follow the money. It looks like foreign money is operating to keep the price down, for entirely ideological reasons; working hand-in-glove with Trudeau and his similarly woke agenda.  Real market forces are now coming to bear. The economy needs energy and all the green policy that has hamstrung our industry is going to blow up in their faces as prices rise with restricted supply.
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