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Surge Energy Inc (Alberta) T.SGY

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

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 ACESoveron Jan 21, 2022 10:45am
234 Views
Post# 34342241

Fear & Greed

Fear & GreedFeed the masses enough doom & gloom and they will always panic. The markets have set up the fear factor and many meekly accept the choppimg block, Off with your heads. Smart money is loading up in these over cooked corrections as they scare out the timid. As far as the O & G sector I still see oil trading in mid 80's not the mid 50's. Why get stessed. Greed will evenually prevail.

ACE$
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