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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 Jim12345on Sep 25, 2019 9:02am
277 Views
Post# 30162242

I am still holding.

I am still holding.I will not weigh those big shot's games. adding 15000 to 5M shares is just a bait show. But I will look at what is happening with the Saudi oil output. All the news about their restoration works were fake. Being lived few years in saudi, I will not expect the truth. They might hve faked it for their upcoming IPO and might have thought to adjust the difference with OPEC or Trump's bullshite. Recent news showing that it is not really working that way. So, the oil price has to go up this week again and stay high for a while.

What happened last 10 days are just the big guys games!

So stay tuned and hold on to this stock. I would probably buy more by end of this week.
Bullboard Posts