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Surge Energy Inc (Alberta) T.SGY

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

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 Billybabin61on Mar 08, 2024 8:00am
211 Views
Post# 35922256

RE:For Sale Non-Core

RE:For Sale Non-CoreI watched the presentation and there was some discussion on M&A. I realize that companies should always be on the lookout for ways to grow production, etc, etc. but I am not a fan of them diluting stock and taking on more debt given the properties they already have to drill . However,  I would not be surprised at all to see them pull the trigger on something. There seemed to be some sort of a pat on the back to PC for showing restraint last year for not acquiring...come on really?
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