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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

Post by senseimikeon Feb 24, 2021 10:30am
246 Views
Post# 32646246

WTI @ $62.77

WTI @ $62.77The bulls will not be denied this time. Thanks to all you greens who are driving BIG oil away from oil to make all these small Surges lots of money. When oil get super expensive we will all be driving electric cars and saving the planet.

But one thing i don't get. If we need energy to charge these electric cars by the 100's of millions, where will that energy come from ? Solar and wind you say ?
Where does the energy come from to make that ?

Perhaps the answer isn't EV's. Perhaps it is not using so many damn cars.
Just a thought.
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