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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) > Oil price on up so is surge
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Comment by harvesteron Mar 26, 2024 11:21am
203 Views
Post# 35953043

RE:RE:RE:RE:Oil price on up so is surge

RE:RE:RE:RE:Oil price on up so is surgeI personally think it's bacause any time he comes close to following through on paying down debt he decidesvto buy another company. Then issuing more shares further diluting the companies worth. Look what's happened since he called this a $25 share company. How many years ago was that now. It's disheartening for sure.
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