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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 downtozeroon Jun 08, 2021 1:02pm
184 Views
Post# 33348367

RE:RE:RE:RE:WCS @ $55+

RE:RE:RE:RE:WCS @ $55+Probably if you found any other companies that got large BDC loans to avoid bankruptsy, they would also be in the same boat. Give SGY time and they will recover, it's too soon now.

Also note that if oil didn't recover before COVID lockdowns ended everywhere, SGY management would have looked like heros with the hedges they put in. 

Two strikes being resolved over the next couple of quarters, then SGY will take off.
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