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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  T.SGY.DB.B | ZPTAF

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

Post by TickerStock101on Jan 17, 2022 10:30am
246 Views
Post# 34324138

Nice Report!

Nice Report!

Loved the report! Also the new drilling methods they are using in Sparky! Wow! They could greatly increase Surges free cash flow with this new method!! Sounds like us long term shareholders are going to get rewarded now for the wait!

A question: At these high prices do you think selling the mount basin assets would be a good idea? Or more advantageous to keep? They could probably pay off all their debt completely in one stroke of the pen or do a combo of debt payment and find a small sask asset.
 

thoughts?

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