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) > Lots of upside

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Comment by Herfa1on Feb 12, 2021 10:54pm

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Post# 32560560

RE:Lots of upside

If WCS reached $50usd by mid may, when Surge will issue results of first quarter, Surge will be at $0.80. You will need WCS to stay above $50 and a big debt reduction with the second quarter (Mid august) for Surge to go above $1.00. Investor are aiming at some small cap with less risk. (TOG,TVE, CJ, CR, YGR)

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