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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

Post by AltafHANIFon Apr 01, 2023 1:31am
373 Views
Post# 35373333

Trick in investing

Trick in investingLike the great investor buffet say the trick is to sit back and watch pitch by pitch go by and when you find that one in you sweet spot you go for it. People will throw all kind of things to you. They can throw saturn or whatever oil company don,t listen to them. If you look at the chart for saturn for the past 10yr it stay the same... surge is a great company really volatile which is good for investor. The only thing surge need to do is stop buying asset when their debt is that high thinking they will offset it by predicting the future of oil.
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