Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s): ZPTAF | T.SGY.DB.B

Energy Oil & Gas E&P

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

Surge Energy Inc (Alberta)

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Comment by oakesyon Mar 01, 2019 5:36pm

175 Views

Post# 29431279

RE:RE:shouldn't we be trading around $1.75 -$2.00 now?

That was his one year target price for 2018 as well . Oops . Schachter could one day be eventually right but so far his picks are down an average of 32% from his recommended buy prices from 2017 . Some of them as much as 70% . He says they will be a 5-6 year investment so expect your money to collect dust for a long time.

At least SGY pays a divi but many of his picks do not .
I expect most investors will be long gone if sector and sentiment doesnt turn around after the federal election and giving Truduh the boot.

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