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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) > Upsize in bought = less debt and still maintains a low float
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Post by Tradestay on Nov 03, 2022 9:19am

Upsize in bought = less debt and still maintains a low float

great to see this kind on interest, this means less debt and dilution is minimal given low eating share count. Surge practically bought back the barrels they have sold in 2021 with this deal.
Comment by VeritasVern on Nov 03, 2022 2:21pm
Good acquisiton, the net backs and liquids are fantastic and good synergies with exsisting land in the area. A good buying opportunity at currents levels, 99% liquids from the acquired lands, shut up!
Comment by harvester on Nov 03, 2022 2:29pm
a $25 stock my azz. Not any time soon. Been holding forever and waiting patiently through thick and thin. Even now waiting for a break
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