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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  T.SGY.DB.B | ZPTAF

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 Khersonon May 12, 2021 10:35pm
188 Views
Post# 33189261

RE:Management still has strong support

RE:Management still has strong supportPointer, the balloting by us shareholders was only dealing with supporting or not supporting the job being done by the directors! The voting results are in no way indictive of the job that management has done. We shareholders have no say in determining management, only the directors do. Surely you are aware of this basic principle of publicly listed companies and the management, director and shareholder relationship?
Kherson
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