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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) > WHAT IS SGY GOING TO DO NOW.?
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Comment by winterishereon Dec 15, 2021 12:38pm
191 Views
Post# 34233303

RE:RE:WHAT IS SGY GOING TO DO NOW.?

RE:RE:WHAT IS SGY GOING TO DO NOW.?
Chris007 wrote: Why would they need to do another reverse split, again? They ain't listed on the NYSE...TSX is pretty lax on the minimum share price thing.

WanTBe1 wrote: How about.? In a reverse split, a company cancels all of its outstanding stock and distributes new shares to its stockholders. ... In a 1-for-3 split, you end up with one share for every three you owned, Stock price today would be $11.40 not your $12.00 but close.



The last thing I want to see is another reverse split.
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