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.

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Surge Energy Inc (Alberta) > I'm out

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Comment by Khersonon Nov 03, 2020 4:46pm

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Post# 31833682

RE:I'm out

Theconsortman wrote: Just dumped the last of my sgy holdings at $0.15 and it feels good to drop the turd. Another reminder to not invest in "bad" Companies. Go look through the management bios. Does not give confidence. I slap myself for being duped. The lack of insider buying finally spooked me into taking the loss and moving on.

Surge is now up 57% since you sold! The question is, who is the turd now?
Too funny!
Kherson

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Geologica Resource: Polymetallic upside at a depressed price