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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
Comment by DBNORTHon Mar 13, 2020 12:23am
135 Views
Post# 30802527

RE:RE:Liquidity risk

RE:RE:Liquidity riskBought at 22 cents from the bottom this morning.  So many shares for so little.   There was a single sell order in at 23 cents for about 450k.  That was troubling.  My original orders were in at .18 and I might have gotten them filled if not for the halt.  I expect to sell tomorrow unless someone pulls a white rabbit out of their rear - ut a close at 26 was a pleasant surprise.  Friday the 13th should be fun.  I'll buy again if she drops another 25% off close.  Don't think the math is there for this to continue unil the game is over in December 2020!
Bullboard Posts