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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 Maxmoeon Apr 29, 2021 12:16am
228 Views
Post# 33088926

RE:RE:I read someplace that sgy issued $10 million flow throughs

RE:RE:I read someplace that sgy issued $10 million flow throughsI'm sure the deal was being run around town for a week or two. Pricing was probably struck Monday or Tuesday when it was trading in low 50s. And as I said in my last post, no way sgy or any other producer is going to need tax deductions any time soon. Look out for more of these deals from the other producers. They make sense now compared to when the stock price was sub 20.  I doubt they could have raised straight equity for much more than 50. 
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