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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 unc12345on May 30, 2019 7:46am
265 Views
Post# 29784231

Shachter

ShachterAs an investor heavily into this stock, I appreciate Josef's optimism and the fact that he always trumpets SGY. But these predictions have been made before. He may have been somewhat successful in predicting a rough cycle of things in energy (maybe?). But I just find it hard to imagine that, even with a new government possibly, and various other tailwind factors, the stock will almost triple (PT of $3.70?) from current levels given the lack of interest in the Canadian energy sector. I guess I got in thinking it was an opportunity but didn't know I'd have to wait several years for a payoff! Still optimistic, still holding, hope he's right. But ...
Bullboard Posts