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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 (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with... see more

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > oil price decline based on speculation
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Post by VeritasVern on Nov 07, 2023 12:45pm

oil price decline based on speculation

Just how many times have we seen this play out in the past 2 years? Oil declines, mostly on speculation of decreased use and recession fears where the big traders accummulate then the fundamentals drive them back up where the traders then sell. Rinse and repeat for the past two years. A decline of WTI by three dollars today! Give me a break.
Comment by tsoprano24 on Nov 08, 2023 9:06am
VV, just expressed similar thoughts on Tamarack board. Manipulation, plain and simple. Always some fear of demand slowing that just doesn't materialize. Gets old, but that is why I like the dividend. Pays me to wait out the inevitable run to $100+ oil down the line. Patience. T
Surge Energy Inc (Alberta)
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