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Bullboard - Stock Discussion Forum 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... see more

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > It's a simple question really
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Post by soundandfury on Sep 27, 2021 2:29pm

It's a simple question really

And really at the heart of the problem i have with sgy........why is a $320 million asset that sgy purchased almost 3 years ago now and at the time called a core area for sgy.........now not a core area of the company?
Comment by pennydredful on Sep 28, 2021 2:03pm
All   exploration  $$$s  are  being   expended  elsewhere   as   those areas   are  more prolific and   repeatable  so   Mount   Bastien   does  not   have   current priority  . 
Comment by soundandfury on Sep 28, 2021 2:08pm
so why did they buy mount bastion for 320 million dollars? Your still not answering the question..........do you realize that 320 million would pay off every single penny of sgy debt?
Comment by ariesleaf on Sep 28, 2021 2:12pm
The answer please and not with fork tongue .
Comment by pennydredful on Sep 28, 2021 3:43pm
It  is   all   listed   on  SEDAR   in  a  telephone book  size   document.   Keep  in  mind all businessmen   make  mistakes  (it goes with the territory) . The nature  of  the high  risk  oil and  gas  business  is  that  they  are ...more  
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