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 Khersonon Feb 16, 2020 6:42pm

120 Views

Post# 30698067

RE:RE:RE:Penny Stock

TJpatrol wrote:

Joeplow wrote:

TJpatrol wrote:
With SGY now a penny stock, I am only down 60% after taking Kherson and trevors advice !! That still makes it their best stock pick ever

sad but true

TJpatrol/Joeplow, if we take your comment at face value and you are indeed down 60%, and of course factoring in that we are presently at $1.00, that would mean that you bought your shares at $2.50 each. The last time that Surge was at $2.50 a share was back in January, 2017!
For the record, I only started talking about and buying Surge in April 2019 at around $1.36 a share.
Here is the actual math behind your post: $2.50 x 40% = $1.00
Kherson

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