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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 zack50on Mar 17, 2021 5:27pm
346 Views
Post# 32819404

New analyst targets in the last 10 days... looking up!

New analyst targets in the last 10 days... looking up!
Raymond James $1.25 C 17 Mar 2021
BMO Capital Markets $1.00 C 15 Mar 2021
Canaccord Genuity $1.00 C 08 Mar 2021

Target prices are usually for a 12 month period and of course they can be lowered, reiterated or upgraded at any time... but today the target price is looking up!
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