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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

Energy Oil & Gas E&P
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

Surge Energy Inc (Alberta) > Pennydredful
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Comment by pennydredfulon Sep 30, 2021 6:02pm
289 Views
Post# 33949624

RE:RE:RE:RE:Pennydredful

RE:RE:RE:RE:Pennydredful
In   the past   many oil and  gas  companies  paided  too  many  dividends   including   SGY   that   Spelled trouble  long term  when  prices   fell   and  banks   would  no  longer   fund   CAPEX. These   high  dividends  were   unsubstainable.
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