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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 martrob83on Aug 01, 2021 10:52am
134 Views
Post# 33638282

RE:RE:RE:CASH OUT IN TWO YEARS OR LESS (SGY WILL BE GOING PRIVATE

RE:RE:RE:CASH OUT IN TWO YEARS OR LESS (SGY WILL BE GOING PRIVATEWanT, the entire industry had a rough number of years not just Surge. This is how commodity cycle and producers work. The worst is behind. Look, maybe I'm wrong, but on a probability basis, I'm now placing my bets. It sounds like you got burned by Surge in the past. Were you trying to catch a falling knife? Shale production peaked in my opinion.
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