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 downtozeroon Jun 07, 2021 11:04am

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Post# 33339988

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

Or the fact they flooded the market with $0.60 shares. SGY and TVE should merge. That would be a powerhouse company.

The difference is that SGY got bailed out when the oil market crashed, Spyglass didn't.

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