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) > Iran oil is not a factor for supply

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Post by Franman184on Feb 14, 2022 11:35am

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Post# 34426399

Iran oil is not a factor for supply

Legitamizing thier sales only means more revenue not more barrells

According to data from cargo tracking companies, Iran has been exporting some 1 million bpd lately, which is the highest export rate since 2019. In December, according to Petro-Logistics data, Iran exported more than 1 million bpd of crude. The January average, however, has been lower at 700,000 bpd.

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