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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) > WCS @ $55+
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Comment by pppon Jun 08, 2021 12:53pm
188 Views
Post# 33348312

RE:RE:RE:WCS @ $55+

RE:RE:RE:WCS @ $55+Yes they did live to fight another day. The hedges are the banks doing. Management piled on too much debt this caused the chain reaction. Having said that 21 is a wash we all know that. So looking beyond to 22 is when it gets interesting again. To buy or wait is the question.
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Dealroom for high-potential pre-IPO opportunities