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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 Sep 05, 2021 11:19am
326 Views
Post# 33815452

Why is this stock not going up?

Why is this stock not going up?They are flat broke...........they will need cash to do drilling to maintain production..... they will need to issue atock to get cash.......probably they are working at finding an underwriter this very minute to issue as much stock and raise as much cash as possible......this furthur dilution will be a stategic sale of stock to furthur enhance the very attractive ooip high netback long life drilling opportunities...........do you like the oil lingo i used? I learned it by reading sgy quarterly reports......invest at your own risk in this one.....inho
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