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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 Northsea6on Oct 12, 2024 2:57pm
220 Views
Post# 36264063

RE:price

RE:priceAs another Maritimer , your handle does say it all.Befree in the Maritimes.I used to own this one as well but threw in the towel after a couple of years of dismal performance and have no regrets for never looking back.Fortunately l invested what proceeds we got into another oil entity that has outperformed SGY by a landslide especially since it has a much higher dividend that l have always reinvested.Compounding is # 1 and the results have spoken for themselves.Good luck to you and l hope your loyalty to SGY is one day rewarded, you and all the rest who hold.
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