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) > WTI @ 100

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Post by senseimikeon Jul 09, 2021 3:12pm

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Post# 33522283

WTI @ 100

Oil up $1.39 and SGY up $0.01.
So using these numbers oil needs to go up another $25 to get SGY up another $0.20
So if SGY is selling at $0.85 when oil is at $100 then it will be business as usual at the TSX

How much money does SGY make producing 20,000 bpd @ 100 usd ?
Hmmm 20,000 x 100 x1.25 x 365 = 912,500,000

That's where we're going folks.

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