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) > Last time oil prices were at this level

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Comment by Khersonon Dec 24, 2020 10:39am

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Post# 32177271

RE:RE:Last time oil prices were at this level

Crtclthnkr wrote:
IMO the reason SGY is not at .85 today is because there are so many other O&G stocks available at depressed values that have maintained dividends. Your paid to wait, less debt and lower cost of production. With that said, it appears that SGY has a new floor around .29 and I don't believe this exists because of speculative retail investors. FTR I was buying again at .30.

Lets hope 2021 is kind for the SGY longs!

Part of the issue with the low share price is the manipulation of the Market. There was an organized movement to knock down the share price so that someone could acquire the Sparky assets for pennies on the dollar.
Kherson

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