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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 26, 2021 2:00pm
208 Views
Post# 34051270

Sgy is not an oil company its an energy trading company

Sgy is not an oil company its an energy trading companyThey gamble on crude prices and in q3 report they will lose $240,000 each day to hedge loss.........and they buy and sell assets like a dog chaseing its tail........se sask buy assets ......se sask sell assets......se sask buy assets......north alberta buy assets ......north alberta sell assets......sparky buy asdets.....sparky sell assets......round and round we go where we stop no one knows.....imo
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