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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

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

Post by soundandfuryon Jun 24, 2021 10:34am
223 Views
Post# 33441087

If the banks bankrupt sgy now

If the banks bankrupt sgy nowThey will also be bankrupting astra........i suppose that is why paul calls the aquisition a strategic one.........on the other hand the aquisition might temp an otherwise reluctant suiter to buy out sgy before this deal closes........if they dont do it soon it might be to late......i like the second scenario because sgy could sell for 1.50 befor the close of the astra deal
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