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.

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Surge Energy Inc (Alberta) > An action plan

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Comment by Tradestayon Dec 06, 2024 10:49am

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Post# 36349204

RE:An action plan

Google recesion keeping cap on oil and China slow down 2022,2023,2024 same story.

Globally banks are reducing rates, that will spark econnomic actions, when the rates were going up its recession recession, coming down still recession recession.

All of this and US Crude, Gasoline and Distilate inventories are 5% below 5 year average, yet still we have been reading recession news since 2021 after Biden pulled 200+ million from SPR its still below 5 year average in this recession.

So China slows down, what about India Growth? What about the entire continent of Africa seeing increase deamand?

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