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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) > Sgy lost $24 million in hedge loss in q3
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Comment by ziggy1410on Jan 01, 2022 9:05pm
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Post# 34276732

RE:Sgy lost $24 million in hedge loss in q3

RE:Sgy lost $24 million in hedge loss in q3The Banks squeezed everybody, it's unrealized gains(money left on the table)....latest moves are all good;;;;       The 20000 BBL equivalent and conservative Hedging program will has Surge sitting pretty..Check out presentation..
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