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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

Post by Tanman1914on May 07, 2022 5:44pm
427 Views
Post# 34664814

Debt is Good! Sgy can make way more money with debt!

Debt is Good! Sgy can make way more money with debt!

People don't seem to understand that debt is good. Sgy can make way more profit then the small interest rate they are paying for debt! DEBT IS GOOD! Unless you think oil is going to $40 or less then debt is bad but if you think that is the case then why are you investing in the oil sector??? WE ARE IN A MULTI YEAR BULL CYLCLE FOR OIL. Cycles usually last 5 years... the last bear cycle lasted about 7 years... it just means this bull cycle will last longer then 5 years! Smart management knows this and they are acting accordingly even if there are some investors who don't have a clue about the oil cycle and investing in oil. I'm glad SGY management is not listening to the trolls on here and are doing what is best for the company and shareholders. Even if some shareholders don't get it. Talk to me in a year or even 2 years and you will see that SGY is making smart moves! 

I give you an example: lots of guys on here were pissed off that Paul bought Astra and Firesky... they called him a gambler... what do you have to say now?! Paul and his team are smart investors and smart management. Fear makes people go back when they should go forward. Paul and his team made amazing moves and they continue too. They understand the generational opportunity in front of them when many don't get it. 

Thx
Tanman
 

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