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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

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

Post by Countrin2tiveon Mar 09, 2022 11:27am
319 Views
Post# 34499531

$9

$9We seem to be able to hold this level.  I think there may be some nervousness over looming Q4/Y21 results, hence this AM's dip.  I am thinking we may be in for another SP spike after the results are out regardless of what they say ("old tired news" as I said here before), as investors start to look towards Q1.  But hey, what do I know?, if I knew for sure I would be driving a Land Rover instead of a 12 year old VW.  Good luck all.
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