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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

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

Comment by Tanman1914on Jul 29, 2021 9:12pm
169 Views
Post# 33630279

RE:THIS IS STILL TO SMALL BUYER NEEDED

RE:THIS IS STILL TO SMALL BUYER NEEDEDYou have to plan for the future. Oil prices are on a bull run and supposedly for a few years. You gutta spend money to make money. I like managements choice of buying Astra. I'm glad Paul is not sitting on his hands while Oil prices continue to go higher. He is not a chicken little. He is making moves. No risk no reward. Consolidation is not a bad thing. Institutional investors don't want to invest in a penny stock. It will open the stock up to bigger investors. That's my Yap! 
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