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.

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Surge Energy Inc (Alberta) > Q2 Turnaround

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Comment by ACESoveron Oct 22, 2021 3:55pm

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Post# 34038926

RE:RE:RE:Q2 Turnaround

sunshine7 wrote: and today's dip even better buy as oil up. SGY will catch up shortly IMO.

Joe455 wrote:

geezer21 wrote:
Q2 was a huge turnaround for Surge.

Net Income                307,100,000
EPS                           7.23
Shareholder Equity    251,900,000

With rising oil prices throughout Q3 results will surpass Q2.

Today's dip is a great buying opportunity!

I have to agree with you about a great buying opportunity especially with WTI currenetly trading at $83.99 +$1.49. So much so that I added earlier today. The market is riddled with crazy trading that does not seem to make sense. To me a perfect buying opportunity. WTI just hit $84.00 as I finish my post.

ACE$