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Surge Energy Inc (Alberta) T.SGY

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

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

Comment by geezer21on Oct 21, 2021 4:11pm
190 Views
Post# 34034437

RE:RE:Ani-oil Foreign Funding

RE:RE:Ani-oil Foreign Funding
NGO funding came from oil interests in the United States to block the Northern Gateway pipe to stop our oil competing with trade to Asia.

That is the same as U.S. efforts to stop the Nordstream 2 Russian pipeline as it would displace U.S. LPG into Europe.

In the long run we will thank them because the oil we keep in the ground will become extremely valuable as resources dwindle.  It will get to the point were we may not even want to sell as we will be one of the last countries with sufficient oil to supply our domestic needs. However, that maybe difficult to do with the U.S. owning so much of our oil.

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