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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

Comment by Momo25on Aug 25, 2024 7:15am
192 Views
Post# 36195064

RE:RE:RE:RE:RE:Optimistic

RE:RE:RE:RE:RE:OptimisticAgain, with the rise of Oil & Gas coupled with interest rate cut that is now officially pre-announced by the FED reserve boss (sept 16 is the official announcement) , SGY will generate enough Cash so the debt will not be a burden whatsoever. Also, Geopolical context is now broiling in the middle-east, I will not be surprised to see tomorrow the barrel of oil jumping by 3 to 5%.. It is useless to compare SGY to CJ. We own the SGY shares, it's the only one that matters. Question that is fundamental. Is SGY share going to deteriorate? If the answer is yes then get rid of your shares and invest on CJ or something else, if not (and it's a NOT on my side) then the future lis much better, than we think hence stick with your shares.
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