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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

Comment by VeritasVernon May 26, 2023 9:53am
235 Views
Post# 35465546

RE:RE:RE:Good day for a stock buyback

RE:RE:RE:Good day for a stock buybackPerhaps but I read that not getting the debt ceiling raised would actually support oil prices. At any rate a +3% decline yesterday when oil was already at a low of about $74 just goes to show how the traders are quick to discount oil, mostly on speculation while mostly ignoring the fundamentals that support prices. I think hte Saudis got it right, shorters beware. At some point when the market realizes that demand will begin to outstrip supply then sentiment will change and oil will be perhaps prices higher than the fundamentals suggest
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