Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s): T.SGY.DB.B | ZPTAF

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) > If you had 100 shares before the 8.5 revers split

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Post by soundandfuryon Nov 09, 2022 5:07pm

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Post# 35086649

If you had 100 shares before the 8.5 revers split

You were left with 11.74 shares.......now your 11.74 shares gets diluted another lets call it 10%........so your 100 shares is now 10 shares and probably more dilution in the future..........well done sgy management ......they seem unable to grow production by drilling so aquisitions is sgy only hope for growth.......just like 2018 all over again......

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