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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 1970Craigon Feb 05, 2022 5:03am
208 Views
Post# 34400526

RE:"I'm a Believer!"

RE:"I'm a Believer!"

Well said ! Excellent report !!   How can we be trading at 78 cents pre consolidation.   Just beyond me ?  I do think how they deliver 4th Q earnings will be important for the share price.  Such as suggesting what the next quarter will look like with the normalization of hedging.  

    Telegraph this property,  and share price will rise. 

I still think if we don't pop soon , someone is going to do it for us in one big buy out.  We are a sitting duck with a larger company able to take on the debt at better rates and drill immediately, where we aren't because we just can't.   Or we won't ?   


     Exciting times    Once again great post !

Craig 

   

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