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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 pennydredfulon Nov 09, 2021 1:50pm
141 Views
Post# 34105752

RE:Re: If they can eliminate the banks?

RE:Re: If they can eliminate the banks?I  agree   with  your comment  .  Another   thing  to  keep   in  mind re  Surge  is  that   they  are  a  very   good   customer  generating  not   only   plain  vanilla  interest  but   lucrative  underwriting  fees   re   stock  and   debentures offerings   and  additionally   advisory   fees  and   opinions   re divestitures    and acquisitions.
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