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

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Surge Energy Inc (Alberta) > Funny activity

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Post by Franman184 on May 06, 2022 11:19am

Funny activity

Both SGY and OBE are acting stange lately. Both these stocks should be ramping up in price but are doing the oppisite. Is this a case of the larger investors trying to shake out weaker hands?

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Comment by masfortuna on May 06, 2022 11:24am

Both Sgy and Obe are a recovery long term play. Both were close to extinction with unmanageable debt with oil at $50. Both need to increase revenue to increase production to take advantage of high oil prices. If they succeed in ramping up production (which will be based on wti pricing mostly) and you believe this bull cycle is here to stay for 5 years+ BOTH will outperform their peers. It ...more

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Comment by ACESover on May 06, 2022 11:55am

I agree with your thinking. CIBC(79) relentlessly playing both sides of the trade and IMO this is an accumulation tactic. Those with no stomach for current volatile markets are taking some profits and moving on. Best to sit back and dust will finally settle. ACE$

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Surge Energy Inc (Alberta)