Surge Energy traded at 7.57 this Friday February 6th, increasing 0.29 or 3.98 percent since the previous trading session. Looking back, over the last four weeks, Surge Energy gained 17.36 percent. Over the last 12 months, its price rose by 40.19 percent. Looking ahead, we forecast Surge Energy to be priced at 7.20 by the end of this quarter and at 6.70 in one year, according to Trading Economics global macro models projections and analysts expectations.
Surge Energy Inc is a Canada-based exploration and production company (E&P). The Company is positioned to provide shareholders with long term sustainability by exploiting its assets in a financially disciplined manner and by acquiring additional long life oil and gas assets of a similar nature. Its assets are comprised primarily of operated oil-weighted properties characterized by a promising original oil-in-place (OOIP) crude oil reservoirs with low recovery factors and an inventory of around 700 gross low risk development drilling locations and several water flood projects. The Company continues to identify and pursue acquisitions with synergistic characteristics such as existing long life producing assets or opportunities with low risk upside potential.