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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 Sep 29, 2024 3:27pm
277 Views
Post# 36246132

RE:RE:Price Target Update NB

RE:RE:Price Target Update NBNot a wise advice. Oil and Gas prices are at the lowest possible. We went through Covid, which forced all the big infrastructure investment to be frozen, then inflation kicked in, which slowed even more the investments wordlwide. Now inflation is going down and almost under control, interest rates are down  too. Economy will start improving and  Oil&Gas will follow. Hence, the bad news are behind us. Asking for a hudge sell off at this right moment is at least disturbing, unless you are a shorter, which I understand in a certain way.
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