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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) > DOES SGY EVER SEE THE LIGHT OR ARE THEY DONE LIKE SPYGLASS.
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Comment by tri-stockon Jun 07, 2021 10:43am
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Post# 33339796

RE: DOES SGY EVER SEE THE LIGHT OR ARE THEY DONE LIKE SPYGLASS.

RE: DOES SGY EVER SEE THE LIGHT OR ARE THEY DONE LIKE SPYGLASS.Spyglass was broke. Surge's books are in better shape than Obsidian. Has to be pressure from the banks on Surge to keep this down.
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