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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 tsoprano24on Dec 11, 2024 11:28am
112 Views
Post# 36356714

RE:RE:Feels like

RE:RE:Feels like

I'm sticking to my plan that this is setting up as a perfect January Effect stock. Tax selling and lack of buyers will be thing of the past come January. Lock in almost 10% div waiting till next earnings report. Compare chart to Tamarack. Complete opposites yet both are doing same thing, granted different areas and oil mix. But both paying down debt and returning money to shareholders thru buybacks and dividends. I have both, but am buying the one with the disconnect to fundamentals. 


T

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