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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 14, 2021 7:00pm
145 Views
Post# 34125367

RE:RE:Sgy had $105 million revenue in q3

RE:RE:Sgy had $105 million revenue in q3Was the short fall that bad, i hardly think so. They drilled a few more wells that pay for themselves in 6 months. I admit I was pissed, but it makes sense to take advantage of the high oil price adding unhedged production. So I bought a bunch more on friday. The only thing that can blow this up is Covid. SF, your days of pissing and moaning will soon be over because the numbers are going to get much better.
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