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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 matt2018on Dec 12, 2024 3:49pm
103 Views
Post# 36359730

RE:I sure wish Canada would throw Turdeau out on his ear

RE:I sure wish Canada would throw Turdeau out on his earWhile I cant disagree with you, Trump threatening tariffs on everything going down including oil shipments isnt helping.
I believe many are dumping energy stocks and others ahead of Jan 20th.
When you start making these kinds of economic threats, countries retaliate with economic threats of their own.
Besides, we have a free trade deal with the US & Mexico dont we.
Why not just honor it till it expires (2026).


Commr51bkd wrote: As an American trying once again to hang on to shares in what i thought were undervalued energy stocks, it seems like every shred of news flow is designed to point me in the other direction.   I am perplexed what the motivation is for Turdeau's latest move:

https://www.zerohedge.com/political/canadian-dollar-tumbles-after-turdeau-sic-reportedly-weighs-export-tax-uranium-oil


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