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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

Post by Re1ndeer2on Dec 04, 2024 3:48pm
140 Views
Post# 36345867

Had to rebuy at these Discounts

Had to rebuy at these DiscountsSold last week but couldn't resist these bargains....makes little sense......U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) 
decreased by 5.1 million barrels from the previous week. At 423.4 million barrels, U.S. crude oil 
inventories are about 5% below the five year average for this time of year. Total motor gasoline 
inventories increased by 2.4 million barrels from last week and are about 4% below the five year 
average for this time of year. Finished gasoline inventories decreased while blending 
components inventories increased last week. Distillate fuel inventories increased by 3.4 million 
barrels last week and are about 5% below the five year average for this time of year. 
Propane/propylene inventories decreased by 0.7 million barrels from last week and are 10% 
above the five year average for this time of year. Total commercial petroleum inventories 
decreased by 4.7 million barrels last week.
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