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) > Worthwhile Watching

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Post by Countrin2tiveon Feb 10, 2021 11:15am

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Post# 32525231

Worthwhile Watching

Eric Nutall, as some seem to know on this board, has other companies he prefers more than SGY. However, nothing said yesterday, and one thing is clear - he is very bullish on oil and gas and some Canadian small caps. Also gives some nice analysis on what $60-$60plus oil means for these companies - it's good, real good. Hopefully we tag along.

Eric Nuttall's Top Picks: Feb. 9, 2021 - BNN Bloomberg

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