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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) > Globe & Mail this A.M.
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Comment by Joe455on Oct 08, 2021 12:46pm
241 Views
Post# 33989281

RE:Globe & Mail this A.M.

RE:Globe & Mail this A.M.
Rainyday wrote: Analyst sees much higher price for SGY and mentions lockup agreements on shares issued as part of the acquisitions. Oil is closing in on $80 this A.M. Enjoy the ride!


Ride is key word. Rides don't last forever but SGY has a long ride ahead of it.
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