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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 uwebb429on Jan 03, 2025 4:50pm
278 Views
Post# 36386794

Holidays Are Over

Holidays Are OverSurge has resumed with three active rigs. One is near Hope Valley, one is due south of Provost and they are working again one mile SE of Lampman, SK where they have had excellent results recently.

User image

Investors are once again warming up to a company that can pay an 8.5% dividend that is well covered by cash flow. Hopefully proceeds from the recent asset sale were used to buy up some cheap shares in December during tax loss selling season. 

Thank you Josef Schachter for recommending SGY. 
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