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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 senseimikeon Feb 18, 2021 4:26pm
186 Views
Post# 32601652

RE:RE:RE:Hope for $3.00 by Christmas

RE:RE:RE:Hope for $3.00 by Christmas Hey Starman......WCS just went from $34US to $50US in 2 months. How about another similar increase for the next 2 months? Say $50 to $66 . You think that might be possible ? If so, $66 - $34 = $32 ...simple enough math. Let's say 20000 barrels per day of production......what's the increase in annual revenues from that ? Hmmmm   32 x 20000 x 365 =  $233,600,000.
Now let's talk about that $3 dollar share price......
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