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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  T.SGY.DB.B | ZPTAF

Surge Energy Inc. is a Canada-based oil focused exploration and production company. The Company’s business consists of the exploration, development and production of oil and gas from properties in western Canada. Its operations include Sparky and SE Saskatchewan. Its supporting assets include Valhalla, Greater Sawn and Shaunavon. The Sparky operation offers light/medium crude oil production with compelling returns. The SE Saskatchewan operation maintains asset base oil operating netbacks. It has low-cost wells with short payouts and potential for continued area consolidation. The Valhalla operation is offering stacked pay multi-zone potential with light oil and provides range of area infrastructure and access to multiple egress options supports attractive operating netbacks. The Shaunavon operation is producing low decline, medium gravity crude oil with high operating netbacks. Its Greater Swan operation consists of concentrated light oil asset with conventional slave point reefs.


TSX:SGY - Post by User

Bullboard Posts
Post by U30LATEon Mar 21, 2019 11:10am
124 Views
Post# 29516920

SHORT SQUEEZE

SHORT SQUEEZE According to CEO.ca Short positions as of March 21st are approx.17 900 000. That is a rise of 2.8 million shares sold short since the last report on March 6th. With oil prices rising and the Canadian dollar looking to weaken (IMO) Canadian producers have an opportunity to become cash flow machines. The shorts will be forced to cover if the price of SGY rises. Move your askes up and make the shorts pay to cover. This stock is a coiled spring and could move much higher if the shorts have to cover. Don't let those responsible for keeping the share price down buy back their borrowed shares cheap. Good Luck To All Who Are Long!
Bullboard Posts