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)

Bullboard Posts

Comment by jackhacketon Jan 08, 2020 1:51pm

133 Views

Post# 30531380

RE:RE:You can tell which way MM leans and that is important

Kherson wrote:

exprohibition18 wrote: Oil is $61 again on overbought conditions and SGY is trading back to distressed 30% of 1P NAV near trough levels. Its a true farce.

What keeps this interersting- aside from unambiguous market maker bearish positioning is the potential for m&a which clearly is there given our deep disconnect to proper 1P valuation

Market maker doing an admirable job of wearing out longs. But the true catalyst here was never geopolitics and has to be about disconnected valuation to peer group and to high quality reserves.

GLTA

The share price has been purposely walked down for quite sometime.
Kherson