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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 zack50on Jul 01, 2022 2:17pm
336 Views
Post# 34796510

Sentiment vs. Fundamentals

Sentiment vs. Fundamentals

There are times when investors have to focus more on sentiment than fundamentals and there are times when the opposite is true.

Lately, sentiment has been in the forefront and fundamentals have taken a backseat. Very soon now, it will be time for fundamentals to take over again.

It's important that energy investors realize that the most important factor that will help drive future profits for SGY and other energy stocks is how well the physical oil market holds up.

Hang in there... SGY is going to be just fine!

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