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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

Comment by Maxmoeon Jan 15, 2021 9:19am
152 Views
Post# 32304744

RE:6 month Short Report

RE:6 month Short ReportKherman, I'm a shareholder, and I've made good bucks on sgy. At what point do you stop dredging up the past. I just hit report abuse 4 times for your latest trollenemy. Deerharley or dear godshutup added to the pile of clowns on ignore. Let's discuss investment merits rather than conspiracy for a change. Let's start with the short attack can't work without some sort of underlying problem with the stock. It's over leveraged. Simple analysis. When oil drops it gets hammered. When it raises it continues to underperform until we hit an inflection point where the incremental cash flow from a change in the oil price starts to GREATLY exceed the burden of the debt. That's where we are now. Since my last buy at 16, sgy has more than doubled. That's outperformed the oil index, the broad stock index, and 99% of all stocks. Be happy. I am.
Kherson wrote: For those of you who are still questioning what has occurred with the share price, simply look at the short report history. The price was walked down due to the short attack.
Kherson


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