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)

<< Previous

Bullboard Posts

Next >>

Post by soundandfuryon Jan 01, 2022 6:53pm

290 Views

Post# 34276634

Sgy lost $24 million in hedge loss in q3

Sgy will lose another $25 million in q4 for a grand total hedge loss in 2021 of $80 million.........hmmmm.........if somebody can do a worse job running a company than paul colborne i would be flabergasted...........excuse me but i can't stop laughing at this company.......hahahahaha

<< Previous

Bullboard Posts

Next >>

Full Circle Lithium goes global with its battery fire-fighter