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) > Nuttall January 28th

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Comment by morrisminimanon Jan 21, 2022 4:39pm

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Post# 34344762

RE:RE:Nuttall January 28th

Hmmm we discussed buy backs a couple of weeks ago and it doesn't make sense for SGY. We had a 8.5-1 consolidation and then the price plummetted from there.

The consolidation means we don't have the need to have a buy back as there are much fewer shares out there than preconsolidatoin SGY which was dilutted to buy properties and other oil cos... What we need now is for the price to go up past pre consolidation levels.

a consolidatoin along with an increased share price = share buyback.

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