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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 Countrin2tiveon Aug 14, 2020 3:10pm
189 Views
Post# 31410131

RE:RE:RE:RE:RE:RE:RE:RE:Leojack, Headwater Exploration's Paid Basher!

RE:RE:RE:RE:RE:RE:RE:RE:Leojack, Headwater Exploration's Paid Basher!Leo, I haven't  been following either one of those two companies very closely, possibly they have slightly better balance sheets than SGY.  All I can say is that every single Canadian oil company SP collapsed when oil did. Simple market dynamics. The companies that survive (with $40 oil I believe SGY lives to fight another day), will see their SP go up as/if oil recovers.  Again simple market dynamics.  A lot of people on this board talk about some sort of surreptitious effort to suppress the share price so that some sort of buyout, takeover or merge can take place. Not sure if this stock has enough volume to support the theory, and I don't know why anybody would risk the legal mess, and possibility of jail to do it, especially if they are in management with lots of shareholders watching.  Also I think if that were going to happen, it would've happened.  It's not as if the share price hasn't been beaten down already, The company actually does have some value, whatever that is.

It's a risky business we are investing in right now, may we all make lots of money!
Bullboard Posts