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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
Comment by naga00on Mar 18, 2013 5:54pm
187 Views
Post# 21147461

RE: RE: Thin Trading???

RE: RE: Thin Trading???

according to who every the risk is 7- typical retail investor and manager- if everything was perfect they would tell you to buy buy instead if sell sell sell.

The real risk is not owning @ 3.55-selling for 1/2 nav

I'll bet when the stock was 7 or 8 headed to 10 all the expert had strong buy ratings on surge!

Most if not all risk has already been built into this stock-- It is now $3.55

 

 

 

 

 

Bullboard Posts