Surge Energy Inc T.SGY

Alternate Symbol(s): T.SGY.DB.B | ZPTAF

Energy Oil & Gas E&P

Surge Energy Inc. is an oil focused exploration and production company. The Company’s business consists of the exploration, development and production of oil and gas from properties in western Canada. The Company’s operations include Sparky, SE Saskatchewan, Greater Sawn, Valhalla and Shaunavon. The Sparky operation offers light/medium crude oil production with compelling returns. The SE Saskatchewan operation maintains asset base oil operating netbacks. Its development consists of low-cost wells with short payouts and SE Saskatchewan provides potential for continued area consolidation. The Valhalla operation is offering stacked pay multi-zone potential with light oil and provides range of area infrastructure and access to multiple egress options supports attractive operating netbacks. The Shaunavon operation is producing low decline, medium gravity crude oil with high operating netbacks.

TSX:SGY - Post by User

Surge Energy Inc

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Post by zack50on Aug 17, 2022 10:12am

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Post# 34901875

OPEC Chief today...

* warns of supply crunch

* indicates that demand destruction in China is overreated

* says there is a short of spare capacity

This means a higher oil price and a re-rating for SGY as its treasure chest explodes with FCF.

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This company starts production at what could be Canada’s next great gold mine