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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) > flat production
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Comment by Herfa1on May 03, 2023 11:18pm
230 Views
Post# 35429164

RE:RE:RE:RE:RE:flat production

RE:RE:RE:RE:RE:flat productionOk smarty. I was just referring to their press release in the section Net Debt. According to them it went from 352M to 332M. To me that's 20M. And if oil would have been better, they would have reduced net debt by another 10M. If you're not happy just sell. I just bought again today and will sgain tomorrow if it goes under 8.00$.
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