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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 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

Comment by DBNORTHon Jan 14, 2022 5:14pm
296 Views
Post# 34319031

RE:Heyy guys

RE:Heyy guysFirst bought in around 2.30 and traded it a little.  Then she dropped to 1$ and I bought more.  Then covid and bought at around .35 when it hadn't moved but all the others had (its a late bloomer).  Sold in the .60s and bought back in late .40s - then the consolidation - last time I bought was at the new price of about 4.20.  Wish they had reverse split at 10:1 so the math isn't so confusing.  I'm up now about 20% since I last sold.  Owned other oils before Covid, most of which have fully recovered, as they should, and then some.  This is still sadly underperforming the market but the Nutter doesn't like it and management doesn't get a lot of thumbs up so, this is what we have, a lagger that is getting some love, likely because it's the last to move, really, the last to move.
Wish someone would buy it, someone with a calculator and a few bucks, and good management - bit of a steal.  Let management go off and reinvent themselves and let "Surge" the name, die quietly.  
That divy is what got me - 6%......remember that!  My money would have done better in any other play, even VET, which is another dog I own and started buying at $25 - and hope to see a divy return to.  SGY is undervalued but.......hey, easier to talk about your mistakes when they are going green again. 
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