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) > SGY @ $2.50

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Comment by Al42on Jun 11, 2021 11:10am

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Post# 33372141

RE:SGY @ $2.50

Yup...I agree probably 2 qtrs. I think the .59 cent bought deal is what is hurting us at the moment. SGY valued themselves at .59 cents to get a deal done and until a few qtrs. are in the books share price will hover around the .55 - .62 cent range no matter what oil is doing. Unless oil goes down then we will go lower as well.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?