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Bullboard - Stock Discussion Forum 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, and Greater Sawn. The Sparky operation offers light/medium crude oil production with... see more

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > BOLD statement...
View:
Post by zack50 on Jan 31, 2022 5:57pm

BOLD statement...

PC has stated that Surge has a peer group leading quality asset base... meaning ~2.6B barrels of oil in place, with a 6% recovery factor. That's important because it's one of Surge's distinguishing features as a company and why investors should want to own Surge shares.

It's only a matter of time folks!
Comment by pennydredful on Jan 31, 2022 6:12pm
Seems  Nuttal  doesn't  agree  referring   to  their  assets  as tier 3  according  to  another poster  in the BNN   interview. 
Comment by Chris007 on Jan 31, 2022 6:22pm
Yup. Basic gist of the surge segment with Nutall is that theres nothing about the company itself that is particularly compelling....However, the fact that it trades so cheaply versus peers, made it hard to ignore. Not exactly a ringing endorsement, but good enough for an investment thesis. Thats also basically the same way I see it. Add to that, the fact that a rising tide lifts all boats, with ...more  
Comment by zack50 on Feb 01, 2022 11:00am
Not so sure how you can ascertain that EN indicates there is, "nothing about the company itself that is particularly compelling", but to each his/her own. In the BNN segment he indicates that SGY has "room to grow... it's a stock that is going to work well in an oil bull market and scream extrememly well with $100 oil... it has upside with the technology being ...more  
Comment by fortunefavorsus on Jan 31, 2022 11:44pm
If Nuttall made that statement about being tier 3 he doesn't know what he is talking about.  Reminds me of those for years who said Baytex Eagle Ford assets were not that great.  They have made a fortune in FCF on those assets and will continue for some time as they have quality positions in the Eagle Ford.  Same with Surge they have quality assets in Sparky that are ...more  
Comment by cranao44 on Jan 31, 2022 9:15pm
This post has been removed in accordance with Community Policy
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