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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 Khersonon Jan 28, 2021 12:52am
216 Views
Post# 32406817

RE:RE:RE:RE:Grow production

RE:RE:RE:RE:Grow production
pointer wrote:
Countrin2tive wrote: I disagree, SGY's ability to survive is precisely why someone should invest.  If you believe there will be one more oil supercycle, which is what I believe, SGY is going to have to survive to benifit from it.


And with today's oil prices, there is no doubt that Surge will survive.

Looking forward, the lack of investment in exploration is going to lead to a huge supply deficit in a few years, and these assets will be priceless.

What I am afraid will happen is that the share price has been held down to facilitate a buyout far below where SGY should be trading, and far too soon. It will still probably be a nice return for anyone buying at these prices, but a fraction of what it could be in a year or so.


There is no doubt that the share price was walked down to help to facilitate an interested party in buying out Surge. Thankfully, most Surge shareholders did not run to the exits as was hoped!
Keep in mind that Surge has some amazing assets and as the POO continues to move up, those assets will become more valuable!
As most of you know, I have been hammering home this theory about the share price manipulation for a very long time. Hence the constant personal attacks towards me by those employed by the interested party in a possible buyout!

Kherson



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