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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 2smart4u2on May 24, 2018 4:57pm
118 Views
Post# 28077744

RE:RE:RE:RE:RE:This Is Bull

RE:RE:RE:RE:RE:This Is BullThe $3.49 is 1P book value, the 2P is over $6 and that's at lower strips then there are now. For the last year every run up Surge had was then taken down a min of 10% shortly after with no news. To me that's trading houses manipulating the price with each other so that one gets cheap shares and can cash in on the next run up and so forth. Paul was on  BNN  years ago when he took took over Surge (after a short retirement) complaining about stock trading  back in 2013. He said none of the big trading houses where hanging onto their shares for more then a few weeks then quickly dumping them on the market. This was a result of the 2008, 2009 market meltdown and now causes share prices to be undervalued in the oil and gas sector, well that's one of the reasons.
Bullboard Posts