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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  T.SGY.DB.B | ZPTAF

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 stocks123STon Jun 24, 2021 3:45pm
267 Views
Post# 33445437

RE:RE:RE:RE:Re: Astra

RE:RE:RE:RE:Re: AstraI base my targets strickly on TA
Lots of resistance at $77-78.
We are not there yet, but close.
My target for snp is4400.
We are not there yet, but very close.

As for the r/t mentioned
Don't think so!!!
I have been following this stock for a few years and Paul would not sell for $1.50!!!
His cost is probably higher than 1.50, He was buying when the yield was 4% and sometimes
even a little lower. His transactions were around $5-10,000.00 per transaction when the stock
had a yield...
Oddly enough, he hasn't done much buying at lower prices.
But some of his bods' have been buying for the last 1 1/2 years!!!
Margaret Elekes has accumulated just under 200k in that time frame. About $2000/m.
What gives me comfort is the fact that all her purchases are going into her RRSP!!!
I do not associate Canadian women and their RRSP with speculation!!! 
Her account is up probably around 50 -75% . She may have had a smalll position just before
the stock crashed.
Everybody is bullish on oil.
All that is going to take is for three or four brokers start to recommend SGY and the next thing
you know is that the price is 1.30-1.50.
It's the only stocks left that is still an orphan, so to speak...
CPG when they make their deal and BTE now, so SGY is next.
I hope that when the analysts have a few more days to look over the deal, they will give the stock the thumbs up and SGY will be on it's way.

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