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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

Comment by pennydredfulon Feb 02, 2022 4:40pm
181 Views
Post# 34390796

RE:Payoff debt & Investors will come

RE:Payoff debt & Investors will comeThere  is nothing  good  about being debt free  in  a  low interest rate environment  , where low  interest cost tax deductible  borrowed  funds  can  be put to use  in business to earn a higher return. If   one has  credit card type interest debt  , it  should be paid off  and/or replaced   with low cost debt. The  oil and gas industry is capital intensive  so all sources of capital avalable should be  under consideration. 
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