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) > NOT WHAT YOU DO FOR SGY BUT WHAT SGY DOES FOR YOU

<< Previous

Bullboard Posts

Next >>

Comment by pennydredfulon Dec 08, 2021 7:32pm

158 Views

Post# 34212660

RE:RE:NOT WHAT YOU DO FOR SGY BUT WHAT SGY DOES FOR YOU

Don't you remember the company distributed too much cash in the past and that was part of its downfall . When you pay out cash the government gets their grubby hands on a good part of it , while if it stays with the co. more exploration and debt reduction.

<< Previous

Bullboard Posts

Next >>

What will the U.S. election results mean for Canada?