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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) > Back to Three Rigs
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Comment by PreludeSHon Oct 07, 2024 12:46am
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Post# 36255543

RE:RE:RE:RE:Back to Three Rigs

RE:RE:RE:RE:Back to Three RigsManagement (Paul Colborne) still thinks they can make this into another large play like he did with Crescent Point.  Unfortunately those days of big acquisitions are no more, and he doesn't like to be the guppy being swallowed by the larger fish. 
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Dealroom for high-potential pre-IPO opportunities