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) > Sky Fire's reason for posting?

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Comment by Khersonon Sep 26, 2022 12:18pm

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Post# 34986768

RE:RE:RE:RE:Sky Fire's reason for posting?

tsoprano24 wrote: " The Market has already figured out that Surge will soon be having a FCF squeeze and they must re-adjust their guidance."

Completely disagree. Oil is being walked down and Surge is following it down along with most other oil companies. The case for oil is as strong as it was months ago as is the Surge story. You have some profit takers, margin calls creating selling and scared investors looking at more raises by the Fed. Looks like a buying opportunity.

T

Are you buying today Tony?
I believe that you aren't!
Kherson

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