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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Comment by mugs19on Jul 27, 2021 4:38pm

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Post# 33611724

RE:Consolidation rarely works and will be a HUGE mistake.

Well said RayDonovan78. I just dumped all my SGY today.

This is the fourth bloody consolidation I've had this year and the first three have seen a 50% to 66% correction from the share price highs. Complete BS.

Good luck to all, but this management team is incompetent and don't give a rat's a$$ about their share holders.

mugs

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