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) > Upsize in bought = less debt and still maintains a low float

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Comment by VeritasVernon Nov 03, 2022 2:21pm

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Post# 35070506

RE:Upsize in bought = less debt and still maintains a low float

Good acquisiton, the net backs and liquids are fantastic and good synergies with exsisting land in the area. A good buying opportunity at currents levels, 99% liquids from the acquired lands, shut up!

Tradestay wrote:
great to see this kind on interest, this means less debt and dilution is minimal given low eating share count. Surge practically bought back the barrels they have sold in 2021 with this deal.

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