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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 unc12345on Jun 03, 2022 8:43am
237 Views
Post# 34729083

Reading

ReadingThanks for the links to some good reading.  Much appreciated.  I think the most interesting one was on the ESG money heist.

One thing I struggle with is the amount of conflicting views out there.  I read all that after hearing yesterday on BNN from a commodities trader who tried to make the case that oil supply is outpacing demand and we could be in for an oil price drop down to the 50's.  Sometimes I'm just not sure what to believe.  I'm hanging in the sector myself for hopefully awhile to come.  In my view, the rewards haven't even really started yet, definitely in the case of Surge.
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