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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.


TSX:SGY - Post by User

Surge Energy Inc (Alberta) > Would appear the dam is breaking
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Comment by ol_grizon Feb 05, 2021 3:55pm
153 Views
Post# 32487252

RE:RE:RE:Would appear the dam is breaking

RE:RE:RE:Would appear the dam is breakingIt was only a steal in hindsight.  Plenty of folks on here were talking bankruptcy and banks turning their backs only a few months ago when oil was at low ebb.

Unfortunately (or fortunately depending on your take on the future), without the grounding of the dividend, this name can turn on a dime.
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Dealroom for high-potential pre-IPO opportunities