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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) > Read this, with your coffee !!!
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Comment by unc12345on Jul 01, 2022 10:08am
338 Views
Post# 34796114

RE:Read this, with your coffee !!!

RE:Read this, with your coffee !!!Great read, thanks for posting.  Question:  what will be the reaction to earnings announcements in July?  Surely the earnings will be good with three months of high prices.  But will the reaction be positive or negative?  I really don't know anymore as rational behaviour, in this sector anyway, doesn't seem to be the norm.
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