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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 Oct 08, 2021 11:09am
118 Views
Post# 33988617

Lol not sure whats holding this back

Lol not sure whats holding this backHmmm let me list at least half dozen reasons........sgy spent 20 million more than it earned last quarter........sgy has 320 million net debt $4.00 / share........sgy has 285 million asset retirement obligation $3.50 / share........sgy spent 260 million and counting in 2021 so far and not made a penny profit in 2021 to date........sgy has the worst hedge book in canada.......sgy so far in 2021 makes only $10.00 / barrel adjusted funds flow worst in canada.... lololol.......
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