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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 Nov 25, 2021 1:50pm
173 Views
Post# 34165903

Its almost like they are hoarding their assets

Its almost like they are hoarding their assetsNot just recently but over last few years...........this could be either intentional or possibly just accidental.........not exactly a winning strategy when the value of hoarded assets declines in price.......sgy should definately sell off something and even take a loss on the sale.........as those losses could then be used against future income taxes......if they should ever make any free cash flow
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