Bullboard - Stock Discussion Forum Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s): ZPTAF | T.SGY.DB.B

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

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TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Overreaction

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Post by unc12345 on Mar 15, 2022 10:15am

Overreaction

Yesterday and today's stock price plunge is yet another example of the market overreacting. Surge and other players are making a ton of money at and even well below current oil prices. I'm hanging in but it sure is disappointing to see the price drop.

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Comment by littledave55555 on Mar 15, 2022 10:21am

price is still cheap at 80 dollar oil lol sorry for the people jumping ship .. next week oils going back up ... o well , see you at 10 bucks in May

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Comment by Baystboy07 on Mar 15, 2022 10:22am

This type of commodity volatility is exactly why they should concentrate on PAYING DOWN DEBT and putting up a NCIB rather than a dividend first....GLTA

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Comment by unc12345 on Mar 15, 2022 10:40am

I agree with that. I would like to know how much people lose in capital gains trying to hang on for a dividend? I know I have held on in a few situations where I should have simply taken the good gain and run! I think proving they can do a sustainable level of dividend, so people can count on it, would help prop up the share price and obviously help the math of it all in the ...more

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