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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 Koples96on Sep 13, 2017 10:26pm
435 Views
Post# 26693461

Chart Brought Me Here

Chart Brought Me HereCharting all of the market movers of today, and see a potential upswing on this stock. 
Was pretty pumped on that, and then I started diving into my fundemental and financial analysis. 
Well, I'm absolutely blown away a company thats improving significantly in their financial health could be trade so much lower now, then when they were losing a ton of money ?

Would think they would be trading at least double last year, if not quadruple. 
Being pessimistic with the economy and all, I would say this should at the absolute very least be trading in the 2.65-3.00 range. 

Will be swing trading my indicator, as well as adding this to my long term portfolio. 
Best of luck to all out there, I see a winner in this one :)
Bullboard Posts