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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 Chris007on Jun 03, 2021 11:28am
136 Views
Post# 33318958

RE:SHOULD SGY BE A BUYER.?

RE:SHOULD SGY BE A BUYER.?LOL... truly hilarious...these guys didn't even have enough money to fund capex for their existing properties, which is why they needed to issue more equity.

Yes, they should definitely buy those assets that Chevron is trying to divest *eye roll*

ariesleaf wrote: Chevron Corp. would consider selling its 20 per cent stake in a Canadian oil sands mine.


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