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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 FederalReserveon Aug 19, 2021 5:23am
287 Views
Post# 33728861

"THE NEW SURGE ENERGY"

"THE NEW SURGE ENERGY"Not sure what to say ??? Big news. I have this on my radar now. I like the new oil, I guess I'm bullish on crude. I'm still worried about the total debt load, just in case my crude predictions are off, and or if crude softens, it can hamper over legeraged & indebted players (surge incl) I don't like the stock consolidation, usually in my experience, the stock drops upon consolidation & weeks afterwords. Like I said, it's on my radar, I will wait & see what happens when they do this 8.5-1. maybe give it a few weeks or month, and revisit the situation along with new estimated crude supply/demand estimates. I'm also not a fan of making investments in the month of October? But then again didn't the carnage of September 2008 start in September? But that's just me
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