Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Year end this week, expectations?

View:

Post by Binkie on Mar 05, 2022 5:13pm

Year end this week, expectations?

Wondering how those here that closely follow Surge expect the year end news release to impact sp and if you expect any nice surprises?

155

Comment

Comment by zack50 on Mar 05, 2022 6:39pm

Binkie... in the past 5 trading days we have seen the share price of SGY rise from $7.18 to $8.46... an increase of $1.28 or 17.83%. The past 1-month rise is 27.41% and the shareprice is up 114.18% in the past 3-months... can't knock that. I'm sure that plenty has been factored in to the price BUT I do think that the share price has a long way to go yet... and yes, I do believe a surprise ...more

235

Comment

Comment by Binkie on Mar 06, 2022 12:13pm

Thanks Zack50. I think it is still significantly undervalued and think it should be reading at least at 4x FFO which would value it over $13 at $80 oil. So I'm hoping it moves into that range over the next 90+days as they release year end and then Q1. I expect a lot of money will move into this sector as others crater so it wouldn't surprise me if we start seeing 5X FFO/share perhaps ...more

188

Comment

Surge Energy Inc (Alberta)