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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) > Just a friendly reminder…
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Comment by uwebb429on Jun 07, 2023 6:49pm
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Post# 35485432

RE:RE:RE:RE:Just a friendly reminder…

RE:RE:RE:RE:Just a friendly reminder…Good news. The WCS WTI differential was less than $12 today. That definitely helps. $80.24 CDN for WCS is still below their $83.45 budget value in their corporate presentation. They are getting close.

AECO gas sales are not looking good. I realize this does not make up a huge percent of their revenue but AECO for July is trading at only a third of their $4.95 budget value. 

I am not expecting great Q2 results. 
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