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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 Kadiddelhopperon Aug 05, 2021 12:34pm
168 Views
Post# 33655215

RE:I believe this tranformation has been in the works

RE:I believe this tranformation has been in the worksThe Recourse we do have presently, is to inform this BullBoard of what the history has been...the young 'uns aren't aware and we have a duty to at least make the information available.
 Would be terrific to get a tiger Corporate Law Firm to mount a Class Action Suit, but it would need to be initiated from America, where the Laws on Corprate Governance actually have teeth.
 Fingers Xed, but ...they've been Xed since the Mt. Bastion fiasco with Jog Capital, and the subsequent placement of two Principals from that entity onto the Surge Board. Obvious in hindsight now, that Surge was in deep financial straits even then in 2018...it's been on Life Support ever since.

 Just seems soo very cruel, that just now with the stabilization of Crude pricing, and the Hope we all carried that we might get back to balance for having Hung - in through the worst, that NOW, the rug is pulled out from under us. 
 
 sound and fury, you are more right on that Panorama crowd than you probably realize
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