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.

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Surge Energy Inc (Alberta) > EIA report

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Comment by Rational43on Dec 15, 2021 3:43pm

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Post# 34234260

RE:RE:EIA report

This report assumes OPEC goes right back to pumping at full "capacity", including members who can't even produce their current Quota, and that Saudi is willing to watch oil prices fall.

This message brought to you by the Re-elect Joe Biden and the "world should stop drilling for hydrocarbons" IEA.

Meanwhile, global Crude inventories dropped by 20 million barrels this week, even with a 2 million barrel pull from the US SPR.

Bulls are hard to hold onto.

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