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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) > Something is not right with this company
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Comment by ROIcrusaderon Jan 18, 2022 11:04am
193 Views
Post# 34328516

RE:Something is not right with this company

RE:Something is not right with this companyNot specifically related to SGY, but see minute 21 for your answer from Nuttall here: https://www.youtube.com/watch?v=H15bp56_j-Q

Am shareholder, but a small long term position that's still under water. I should have sold years ago.

There's just so many better names out there to be in, TVE, WCP etc etc etc 

I mean, all the power to all that have done (and will do well) with SGY but it's not my favourite oil name by a mile.

GLTA
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