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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 Lallion Aug 25, 2015 3:09pm
155 Views
Post# 24049989

Moose 999 You must be new to investing or trading

Moose 999 You must be new to investing or tradingWhen markets go through a panic situation like they have in the last 4 to 5 days ,you do not want the market to accelerate too fast to the upside it means that there is more bullishness therefore you will retest the previous   Levels The same thing applies to the stocks if you have a  slower move up  that means that the confidence is lacking so therefore the backfill in the markets will create support .do you understand that .  Like the Dow Jones it is only up 1.6% that's a good thing not a bad thing because if it was up 6% there would be profit-taking in the possibility of more downward pressure .  Now what I said earlier with lack of retail participation is a fact you have a news release and has done nothing to the stock now you have to be blind if you can't see that . Now I know why you have so many ignores.
Bullboard Posts