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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) > Stuck...
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Comment by fortunefavorsuson Jan 31, 2022 3:55pm
151 Views
Post# 34380817

RE:RE:Stuck...

RE:RE:Stuck...Isn't a majority production now WTI based light oil.  Differentials are also expected to tighten on WCS this year another reason to buy Canadian oil and SYG.

WCS-WTI Differential Expected To Average In The $12-$13 Range This Year

 

The Western Canadian Select (WCS) differential to West Texas Intermediate (WTI) should average in the $12-$13 range this year as improved egress and strong demand from U.S. Gulf Coast refiners sets the stage for Canadian heavy producers, says Martin King, senior analyst with RBN Energy, LLC.

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