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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

Energy Oil & Gas E&P
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

Surge Energy Inc (Alberta) > WHY DOES SGY NOT BUY BACK SHARES.?
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Comment by littledave55555on Dec 03, 2021 4:44pm
169 Views
Post# 34196824

RE:WHY DOES SGY NOT BUY BACK SHARES.?

RE:WHY DOES SGY NOT BUY BACK SHARES.?If oil stays above 60 dollars a barrel... Eric Nuttal believes it will stay around 70 to 80 next year ... An SGY pay down debt... An starts drilling instead of buy companys ... buy the end of 2022 this company will be a 10 to 15 dollars stock... but the way it is ... its still a 6 to 7 dollar stock... so i'm guessing Time and big fuel sucking trucks will get it to where it needs to go lol so I"M buy one lol have a great weekend an GLTA !!!! next week
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