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) > $70 million......24 cents per share

<< Previous

Bullboard Posts

Next >>

Comment by downtozeroon Jun 03, 2021 5:35pm

108 Views

Post# 33326509

RE:$70 million......24 cents per share

They needed to hedge. No one knew what oil was going to do this year and they needed some guarantee to survive the pandemic given how close they still are to bankruptsy. I'm sure they got a pay raise for that decision as well.

<< Previous

Bullboard Posts

Next >>

Osisko Development receives permits for Cariboo Gold Project