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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 pppon Nov 11, 2021 8:19pm
154 Views
Post# 34117687

RE:RE:Assets

RE:RE:AssetsThe problem with half the people here is they live in the past. Look into the future. The future looks bright. This is an oil company oil is over 80 they will have FCF, I was pissed at Q3 also, but I got over it, so should everyone else. The share price went down because of it. If you think oil will stay at these prices next year buy because they will make a pile of cash. If you think oil will go down sell, as then this company will do poorly. IMO it's that simple
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