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) > SGY lost a lot during the past days

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Comment by Khersonon Apr 26, 2022 3:30pm

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Post# 34633343

RE:SGY lost a lot during the past days

sylvain_007 wrote: We wait for a recovering soon. When oil will jump, SGY will follow strongly.

The problem with Surge and the Market is it's level of debt! As I have said many times now, pay down the debt before any dividend or share buybacks occur!
The Market is clearly echoing this sentiment!
Kherson

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