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Surge Energy Inc (Alberta) T.SGY

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

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 low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.


TSX:SGY - Post by User

Bullboard Posts
Post by valu_nvstoron Feb 14, 2013 1:05am
314 Views
Post# 20986073

Check SGY in a couple of quarters

Check SGY in a couple of quarters

my only worry was reserves now since this is very good then there is nothing to be worried about .. nothing material at least. just to give you a snapshot of how irrational market can get. this time last year, sgy had less production (and less cash flow) and less reserves but because everything was on the upswing investors were happy and willing to pay 9-10 bucks a pop. Now SGY has more production and more reserves but then it had/has the issues that scare the heck out of shorters and those are problems with production "unplanned outage" and maybe the communication to the third party pool but even that the max is 600,000 . i have seen (made a lot of money from) a number of bad execution plans when the stock dropped down. I see this as a wonerful opportunity but you need to be very patient, it is going to take a couple of quarters to restore investors confidence. IMHO, i see this stock going up with pretty hard hiccups a long the way as some people unload (try to ride the short wave if you are good at it, just remember you may sell at a "high" but it turns out to be the "low" in a couple of days and it is hard to convince yourself to go back in at a higher price). 

Bullboard Posts