Surge Energy Inc (Alberta) T.SGY

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

Energy Oil & Gas E&P

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, and Greater Sawn. 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 the potential for continued area consolidation. The Valhalla operation offers a stacked pay multi-zone potential with light oil and provides a range of area infrastructure and access to multiple egress options supports attractive operating netbacks. Its Greater Swan operation consists of concentrated light oil assets with conventional slave point reefs.

TSX:SGY - Post by User

Surge Energy Inc (Alberta) > Astra

<< Previous

Bullboard Posts

Next >>

Comment by Joe455on Jun 24, 2021 5:48pm

189 Views

Post# 33448370

RE:RE:Re: Astra

Kherson wrote:

stocks123ST wrote: Paul I miss my dividends...
Anyway, again buying at the top!!!

The stock market has been going like gangbusters!
Oil has surpassed the pandemic crash!

We are going to have a 20-30 % correction in the stock market: very very soon!
If SGY is to survive, you need to hedge!
This coming from someone who hates hedges!
I say this because the maxim is buy low sell high, Paul what you are doing/ did already, is
buy high, hoping to sell higher!
It didn't work!
You are doing the same thing: AGAIN!!!
If I may humbly advise.
' Hedge all the way up to Feb-Mar '22!!!
If you can get something near $66-67 for wti take it!
When we have the stock market correction, wti down target is
1. $45 !
2. $35 !
There goes you FCF projections.
I know things look great: at the moment, but markets are fickle.
If you hedge now, you are guaranteed a nice return and still pay off debt.
If I am correct you will be able to sleep better at night...
The oil market is reaching an area where it will attrack attention: bad attention...
Paul, your way, SGY is loosing $12/b every day!!!
You hedged to late!
If you hedge now, you are hedging from a position of strength!!!

After March, I would not hedge at all !!!
Oil will trade at $150-200/b before the end of 2025!!!

When everyone thinks the same, not much thinking is going on!!!
Paul, you have to start thinking outside the box...

Very good post Stocks. But I am curious as to why you think that oil will be over $150 a barrel by 2025?
Thanks,
Kherson