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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, Greater Sawn and Shaunavon. The Sparky operation offers light/medium crude oil production with compelling returns. The SE Saskatchewan operation maintains asset base oil operating netbacks. It has low-cost wells with short payouts and potential for continued area consolidation. The Valhalla operation is offering stacked pay multi-zone potential with light oil and provides range of area infrastructure and access to multiple egress options supports attractive operating netbacks. The Shaunavon operation is producing low decline, medium gravity crude oil with high operating netbacks. Its Greater Swan operation consists of concentrated light oil asset with conventional slave point reefs.


TSX:SGY - Post by User

Post by scienceguy36on Mar 10, 2022 1:33pm
242 Views
Post# 34503706

Finished venting and moving on

Finished venting and moving onCan't believe i missed the very small print saying the hedges were in canadian dollars.
The numbers don't work for me anymore, so will listen to the podcast and if i detect any condescending bullshit i will sell half at the going price and keep half hoping we get back to $9.00. Will still make a healthy profit but only because oil went through the roof. Would have made more with a dozen other oil companies but my numbers told me Surge had the best potential for phenomal gains until i read the fine print. It still has enormous potential if oil stays elevated but not until 2023 when the hedges come off.
Anyway, this is all just my humble opinion and i needed to vent.
Good luck to all.
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