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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)
> Oil is heading higher
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•••
Grandcentral
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Post by
Grandcentral
on Aug 28, 2021 9:47pm
Oil is heading higher
Supply slashed for political reasons, and now catastrophe after catastrophe has weakened supply even further. Ida will have a heavy impact on oil prices. It's a treadmill industry that needs to keep up with demand, or prices go wild.
https://www.cnbc.com/2021/08/28/oil-firms-cut-us-gulf-of-mexico-output-by-91percent-ahead-of-hurricane-ida.html
(90)
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NanCYGreenfield
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Comment by
NanCYGreenfield
on Aug 28, 2021 11:20pm
This post has been removed in accordance with Community Policy
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winterishere
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Comment by
winterishere
on Aug 30, 2021 2:09pm
Hope so, I need about $5 to break even but it would be nice to make a few dollars.
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