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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) > Oil price down... share prices down... inevitable!
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Post by zack50on Feb 08, 2022 7:06pm
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Post# 34410676

Oil price down... share prices down... inevitable!

Oil price down... share prices down... inevitable!

So, crude oil futures were lower today as investors worried about a couple of things...

First, the resumption of talks between the United States and Iran, regarding an international nuclear pact, most likely had investors thinking that this could lead to more oil exports from the OPEC producer.

And secondly, if investors consider comments from French President Macron regarding his meeting with Russian President Putin over the Ukraine crisis to be favourable, then this would also be bearish for oil prices.

So, oil price down... share prices down... it's inevitable! But tomorrow, the US/Iran talks will be off again and Putin will be saying that Macron has it all wrong, lol.

Oil price up... share prices up! That's probably inevitable too!

 

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