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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) > Surge is dedicated to their model...
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Comment by pennydredfulon Feb 14, 2022 10:30pm
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Post# 34428619

RE:RE:RE:RE:RE:Surge is dedicated to their model...

RE:RE:RE:RE:RE:Surge is dedicated to their model...They   had huge  EPS   as  when  oil  went  down  they made  a large provision  to  account  for  that decline   and  the  large  EPS   occurred  when  those provisions were reversed  as  oil went back up and then some. The large  EPS results  from non cash    accounting  entries   so one might say  somewhat  fictional in nature
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