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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

Post by unc12345on Feb 05, 2021 9:34pm
338 Views
Post# 32491496

Bowtie

BowtieI have read the term bowtie on here a few times.  He makes me take every bit of advice from every so-called "expert" with a huge grain of salt.  He is deep in my memory for saying that Surge is a "table-pounding buy" under $2.00.  It was a top pick for several consecutive BNN shows.

Then, when the stock dropped to a quarter of that value and less (we all know the sad story), he dropped it right off the list.  I know, I know, there was the risk of banks stepping in and all, industry has changed, COVID blah blah blah, but it just doesn't make sense to me that the bargain names fall off the list when they are indeed a bargain.

To me, it's the same with Nuttall.  He uses the phrase "better buys elsewhere" to avoid analysis of Surge.  He can quote the metrics of 100 stocks but refuses to talk about SGY.  This makes me think that the story is true that PC told him where to go with his advice at one point.

I am thrilled it's getting any press at all on Twitter and hope that the longs who have stuck this one out are in for good things ahead.  GLTA longs.
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