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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 lnggasfor202324on Dec 24, 2023 8:35pm
294 Views
Post# 35799922

Why

WhyWhy would anybody buy Surge energy.  If you can buy Cardnal Energy. and get a higher dividend with a company that has lower decline rates, and less debt.  There are also insiders with high net worth such as Murray Edwards who is a billionaire and John Brussa who is buying boatloads, take a look on Canadian Insider.  I wouldn't doubt Paul will drive Surge under the ground, then he can pursue other things like flipping burgers at Burger King something that he's probably good at.
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