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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

Post by soundandfuryon Aug 08, 2021 9:19am
259 Views
Post# 33669299

The banks are putting all their rotten eggs in one basket

The banks are putting all their rotten eggs in one basketMaybe mount bastion was on the verge of going bankrupt........maybe astra is also faceing bankruptcy.........why not if your the banks put all those rotten eggs into one basket.........at least the banks get their money back from the loans made to those failing entities .......and lets face it those companies were or are simply to small to survive .......... so this saves the banks alot of money by avoiding costly and time consumeing forclosures........in many ways sgy is in much the same boat only now the boat is a but bigger.......but their future is anything but secure.....imo
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