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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

Comment by 12groundpounderon Sep 10, 2022 4:33am
317 Views
Post# 34953899

RE:HFI Research article...

RE:HFI Research article...Additional facters.
    1    Less than 3 month countdown where Ships carring Russian oil have no insurance from weather terrorisum pirating or act of war.
     would you drive with no insurance if your car and contents were worth billions.
    2. Biden ends emtying strategic reserve in just over a month .If he continues further the price of oil will take off as opec will cut the 1 million barrels per day and the U.S. in 1 year would have zero oil .Mid term election results will probably block this from happening and in two years will have to take 2 years to fill it up.
     350 million barrels of oil nov in the strategic reserve is only 15-17 day supply.
      3.   Iibia or Iraq internal fighting among factions could remove1-2 million barrels per day.
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