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) > BMO Upgrade

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Comment by silverbabyon Mar 09, 2021 10:02am

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Post# 32751596

RE:RE:RE:BMO Upgrade

WhatsBestNext wrote: On the one hand, sure, you're right. But on the other hand, a price target is a target. So evidently BMO is *publicly* declaring that they don't see this stock moving much at all. Even negative price targets are published and supported by their anaylysis. In their defense, they may not be completely wrong though it comes off puzzling to us who think there is more upside here. Like you, I hope they are dead wrong on this price target.
GLTA.

As long as we stay around $60 WTI and above, .75 will be a distant memory.

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