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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 TickerStock101on Sep 18, 2021 5:17pm
300 Views
Post# 33883652

Oils Not Going Anywhere

Oils Not Going Anywhere

Too much money and infrastructure out there to get rid of Oil. Carbon Capture is what the big oil companies are doing now to lower and eliminate emissions. By 2050 oil will still be vital.

Solar and wind can help supplement the energy sector but still have many drawbacks environmentally too (amount of land usage to compensate for oils energy output, the amount of dead birds wind turbines use also the gallons of oil in the turbines) never mind the lack of dependability, they will be a small percent on the world stage. 

Electric cars still have along ways to go to be actually practical especially for winter climates. Never mind to create a bunch of new vehicles and toxic batteries is just a bunch more emissions and environmental destruction. None of the big players actually care about the environment it's all about the dollar figure in the end or looking environmentally friendly. Like the bible says "it is not in man that walketh to direct his steps"

Ticker

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