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.

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Surge Energy Inc (Alberta) > Phil Flynn oil headed higher

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Comment by morrisminimanon Jan 26, 2022 5:45pm

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Post# 34364398

RE:Phil Flynn oil headed higher

Why the huge drop in a highly unervalued company that could cut its debt in half this year?

my energy portfolio:

JOY, SGY, BTE, CPG all in the red at the close. JOY - was my biggest loser today, but has given me my best gains still up 70% since I bought in Dec.

WCP, IPO up only by 1 and 1.6%.

ESI - a oilfield services company was my best performer today. up 2.76% I guess drilling must be coming back.

I think there was a bit of a general selloff again today in the last hour or so. It'l bounce back, no need to panic.

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