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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) > Forced by banks consolidation?
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Comment by pennydredfulon Jul 29, 2021 2:59pm
135 Views
Post# 33626716

RE:Forced by banks consolidation?

RE:Forced by banks consolidation?Banks   would  be  agnostic to consolidation   as   no  money  is involved .  There is  good  demand   for   Surge   flow   thru  shares   which   can   fund   CAPEX  while  cash  flow  can  be applied  to  debt     so  these    two   will  balance   any   debt/equity   ratios   required  .
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Dealroom for high-potential pre-IPO opportunities