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) > 1.1 billion tax pool

<< Previous

Bullboard Posts

Next >>

Comment by PUNJABIon Jan 26, 2022 10:16am

184 Views

Post# 34361959

RE:RE:RE:1.1 billion tax pool

You are correct. tax pool is very valuable. It can be used against future profits once the company starts making a profit.,

You are also correct a large number of oil companies have tax pools because the oil had collapsed and even traded into the negative price. I was closely mounting the prices and glued to the screen and could not believe it.

When so many oil companies have big tax pools it does not give any significant edge or the only reason to be considered for a takeover.

<< Previous

Bullboard Posts

Next >>

Quantum eMotion leaps by 20 per cent after Becton Dickinson deal