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.

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Surge Energy Inc (Alberta) > Will Coborne pull a Fagerheim

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Comment by PreludeSHon Jun 29, 2022 10:24am

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Post# 34790261

RE:Will Coborne pull a Fagerheim

Paul if you're ready this, unless you are paying for barrels at the $70 level, please forget about any acquisitions that focus on getting oil out of the ground

clamlinguine wrote: And embark on a vanity project instead of returning our money to us with divy's and buy backs? He spoke highly of Fagerheim in his presentation, and he hasn't ruled out acquisitions. Can't trust these guys. Maybe the guy at Bir. Maybe Arc, but that's going out on a limb.

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