When discussing Surge Energy in the context of Alberta, it's crucial to differentiate between two distinct entities operating under similar names. The Calgary-based Surge Energy Inc. (TSX:SGY) maintains its headquarters at Centennial Place, while Texas-based Surge Energy operates as a subsidiary of Chinese listed company Shandong Xinchao Energ
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When discussing Surge Energy in the context of Alberta, it's crucial to differentiate between two distinct entities operating under similar names. The Calgary-based Surge Energy Inc. (TSX:SGY) maintains its headquarters at Centennial Place, while Texas-based Surge Energy operates as a subsidiary of Chinese listed company Shandong Xinchao Energy.
The Alberta entity holds conventional light oil assets across multiple formations:
As of February 2025 trading data, SGY shares demonstrate:
The stock recently breached its 200-day moving average at CAD$5.60, with technical indicators showing:
Facing Alberta's methane emission regulations, the company implemented:
Addressing Alberta's labor shortages, SGY partnered with SAIT Polytechnic on:
The company's enhanced oil recovery techniques include:
Recent field tests achieved 18% incremental recovery factors in Sparky sand reservoirs, though scaling challenges remain for heterogeneous formations. The company's 2024 technical disclosure outlines plans for phased implementation across its core areas through 2026.
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