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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) > Western Canadian Select Down Big
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Comment by zack50on Feb 18, 2022 3:55pm
154 Views
Post# 34443260

RE:Western Canadian Select Down Big

RE:Western Canadian Select Down Big
Rockyboy2015 wrote: Western Canadian Select is down 4.5% today. This hurts Canadian O&G


Not a big deal... the price of oil will continue to rise and fall from day to day. Global oil inventories are on a continuing decline trend... this means higher oil prices are here for a while. It's a "fact of life", that we'd better get used to.


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