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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 Countrin2tiveon May 30, 2021 2:43pm
133 Views
Post# 33294301

RE:RE:RE:After reading many

RE:RE:RE:After reading manySheShe I like your optimism on the prospect of dividends, but they are going to drill, especially with the price of oil as it is.  Further, that was the point of the BD so that they would have the coin to do it, without going further in debt.  However,  I hope some of your enthusiasum rubs of on some potential buyers who may be sitting on the fence.
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