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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  T.SGY.DB.B | ZPTAF

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) > oil price decline based on speculation
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Comment by tsoprano24on Nov 08, 2023 9:06am
134 Views
Post# 35723238

RE:oil price decline based on speculation

RE:oil price decline based on speculationVV, just expressed similar thoughts on Tamarack board. Manipulation, plain and simple. Always some fear of demand slowing that just doesn't materialize. Gets old, but that is why I like the dividend. Pays me to wait out the inevitable run to $100+ oil down the line. Patience.

T
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