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) > Whitecap & Surge in South East Saskatchewan

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Comment by Westcoastenergyon Apr 17, 2024 11:09am

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Post# 35993750

RE:RE:Whitecap & Surge in South East Saskatchewan

I've owned WCP from $0.88. Great stock. Great returns. Great dividend. One of Canaccord's recent top picks. WCP got hammered after its last purchase and I assume they have learned their lesson. SGY looks promising going forward. Good dividend and good returns.

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