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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) > WTI $91.25 CHA-CHING!
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Comment by fortunefavorsuson Feb 15, 2022 10:10am
191 Views
Post# 34429643

RE:RE:WTI $91.25 CHA-CHING!

RE:RE:WTI $91.25 CHA-CHING!Even if oil pulled back to $80 Surge is now a cash cow generating significant FCF. Hopefully they took advantage recent pop in oil prices and layered in some more collars. This drop in oil stock prices is total BS.  Oil prices will again pop in summer maybe to $120.  
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