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Bullboard - Stock Discussion Forum
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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TSX:SGY - Post Discussion
Surge Energy Inc (Alberta)
> THIS IS STILL TO SMALL BUYER NEEDED
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(223)
•••
ariesleaf
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Post by
ariesleaf
on Jul 29, 2021 7:50pm
THIS IS STILL TO SMALL BUYER NEEDED
SGY should look after now.Dreaming to far ahead. Still a vote no on both.( Astra plus
consolidation.)
(1)
•••
Tanman1914
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Comment by
Tanman1914
on Jul 29, 2021 9:12pm
You have to plan for the future. Oil prices are on a bull run and supposedly for a few years. You gutta spend money to make money. I like managements choice of buying Astra. I'm glad Paul is not sitting on his hands while Oil prices continue to go higher. He is not a chicken little. He is making moves. No risk no reward. Consolidation is not a bad thing. Institutional investors don't want
...more
(7)
•••
TickerStock101
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Comment by
TickerStock101
on Jul 30, 2021 1:18am
I agree Tanman. Paul is getting all his ducks in a row here as oil prices continue to rise. These Arielief and soundandfury must be shorters as they don't see the long term. Management has been looking long term and building for the right time. He wants to build the biggest oil company around and that won't happen over night. The Canadian oil patch has suffered for 7 years and now the
...more
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