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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 1970Craigon Mar 17, 2022 10:19pm
272 Views
Post# 34524012

Congrats

Congrats

Good day for you long sloggers. Well deserved 6% claw back.  Except to see a 20 percent bump in share prices across the entire industry. With Surge likely seeing more !   This will properly reflect the variables at play , such as the price and out look of oil . 

      Just remember if your long and if your making gobs of money now , that you worked for it.  To sit in the pocket holding oil stocks , especially Surge , while there is a massive pass rush ( football anology!!)  coming at you every other week , takes guts , common sense , and patience.  

    I only mention this because the story goes if you think it's easy money , you will lose this money. Easy come easy go. 

    No guilt either.  Your the man of women and you earned it.  !!! 

   Never forget this !!
 Happy for you all !!
c

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