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)

<< Previous

Bullboard Posts

Next >>

Post by radcaton Jul 25, 2021 8:00am

195 Views

Post# 33601712

Rinse & Repeat

Sometimes its good to go back in time and review previous News Releases. You can take a look at all of the purchases and sales of assets Surge has done over the years and you might conclude was it really worth it in the end? The deals SGY did you'd think we would have substantial production and are a big success. Surges pattern appears to be buy assets, then sell assets to pay for the debt they took on to buy the assets in the first place. Its like a rinse and repeat saga. A company's success is determined by the value its share price trades at. Paul has a history of playing debt Russian Roulette with Surge but its the shareholders who are getting their brains blown out! Time to travel a new road since the one we are on isn't working. And that would involve a management shakeout since they have failed miserably at steering this company into the success it should have been.