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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

Comment by geezer21on Nov 09, 2021 8:49am
129 Views
Post# 34103879

RE:Their debt and liability make them a ghost company

RE:Their debt and liability make them a ghost company
"Any potential buyers are scared to death at the size of their debt.........lol"


Really?  You know that for sure?  The lenders were not afraid to loan SGY money.  All the other oil producers are carrying debt and with rising oil prices are now paying that debt down.

Shares are still being held by a lot of people and institutions. Hardly appears they are scared to death.
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