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Surge Energy Inc (Alberta) T.SGY

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

Energy Oil & Gas E&P
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

Surge Energy Inc (Alberta) > WHEN DID SGY TROUBLES START.?
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Comment by Chris007on May 14, 2021 2:56pm
241 Views
Post# 33204824

RE:WHEN DID SGY TROUBLES START.?

RE:WHEN DID SGY TROUBLES START.?Nothing particularly unique about SGY's situation...the stock has gone downhill since the Mount Bastion acquistion. Mergers/acquitions that don't work out as planned are a pretty big source of oil and gas company woes...

ariesleaf wrote: Tuesday October 09/2018 Stock was $2.35. After that down the steep hill to 0.85 COVID-19 didn't help but not the blame for SGY problems Management is. I'll bet you and most on never bought SGY before COVID-19. LOL I have all the right to say what I want. Yes you can put me on Ignore so the truth must hurt.


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