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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 27, 2021 12:11pm
205 Views
Post# 33924195

It was not me who impaired sgy assets by 900 million

It was not me who impaired sgy assets by 900 millionIn 2019 and 2020........it was not me who put cash flow swap hedges for rediculously low oil prices for all of 2021..........it was not me who sold 1/3 of the sparky core asset for 100 million.........it was not me who paid 320 million for an asset and then never drill a well on it..........it was not me who almost bankrupted the company due to lack of judgement.........
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