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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 naga00on Apr 04, 2013 8:43pm
379 Views
Post# 21213481

It has to be a gift from the dinosaurs

It has to be a gift from the dinosaurs

we have a qualified reserve report of 1p+2p with a nav of over $5.00- so we have a nav of roughly $360 million and we have a market cap of a small amount over $200 million.

I donot believe that surge energy is a lone soldier in this bloodbath.

Every oil i own is leading toward Hell ~ where of course BO should be.

Look @ kog, nog, clr, wll, , mql.v, cen.to,sdcjf - just to name a few!

One that is bucking the trend slightly in ina.v

It truly is amazing that sgy.to has come down so hard, which yields more selling and more selling because investors that bought @ $8.00 6  months ago cannot take the pain.  I bought a few weeks ago ( i thought @ a steal of deal $3.50) and already down 25%. 

I may be stupid but i will continue to add and average down.  It has to stop one of these days  and i will continue to lower my costs.

 

Bullboard Posts