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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 Kings_kidon Oct 30, 2019 3:15pm
136 Views
Post# 30288157

Makes me wonder who is selling

Makes me wonder who is selling

Good afternoon,

I find myself day dreaming about why anyone would sell at this price?  Doesn't make sense, no one is making money here at these prices.  I get that there is some tax loss selling but no way that is all the sell orders.  Interesting times with Q3 results to be out next week. 

Anyone have any ideas on selling outside of tax loss, would love to hear them.  I can't seem to wrap my mind around it!

Good luck to all the longs!

Kid

Bullboard Posts