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) > Are we having fun yet

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Post by ACESoveron Nov 22, 2022 1:51pm

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Post# 35119349

Are we having fun yet

Quite thje ride from yesterday's low of $8.30 to current price of $9.25. Total fraud market manipulation on fake news of Saudis increasing production. And of course the never ending covid story in China. They reported 3 deaths in a population of 1 1/2 billion people. Market has been reacting to headlines and not the fundamentals.

ACE$

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