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) > Consolidation rarely works and will be a HUGE mistake.

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Post by RayDonovan78on Jul 27, 2021 3:53pm

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Post# 33611526

Consolidation rarely works and will be a HUGE mistake.

Consolidation rarely works and will be a HUGE mistake. It's a move on a companys part to cleanup past dilutions and opens the door for future dilution again. Frowned upon by most investors.........Stock will just drift back down.

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Rig Count Soars as Utilization Surpasses Industry Averages