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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) > Based on oil prices at US $70 WTI...
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Comment by unc12345on Jun 15, 2021 7:19am
231 Views
Post# 33386929

RE:RE:RE:RE:Based on oil prices at US $70 WTI...

RE:RE:RE:RE:Based on oil prices at US $70 WTI...More than almost anything, I'd like to hear some guidance on what the actual plan is.  I'm willing to hang in and have for a long time, but it would be comforting to at least told that dividends are a ways off while we get the debt to a manageable level.
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